Category : Economy

Federal Reserve Chairman Jerome Powell Interviewed Last night on 60 Minutes

PELLEY: And when you say things, people listen. And Wall Street didn’t want to hear that this was going to take longer than their hopes indicated?

POWELL: I was really calling out a risk that I think is an important one for people to be cognizant of, and that is the risk of longer-run damage to the economy. And really, the good news is that we have the tools to limit that longer-run damage by continuing to provide support to households and businesses as we get through this. And that was really my message.

PELLEY: It was meant to be a signal to Capitol Hill to tell lawmakers the economy needs a great deal more support?

POWELL: That was a part of my remarks this morning. I also wanted to just talk more at length about the longer-run dangers and commit the Fed to really stay in this fight as long as we need to as well….

PELLEY: Has the Fed done all it can do?

POWELL: Well, there’s a lot more we can do. We’ve done what we can as we go. But I will say that we’re not out of ammunition by a long shot. No, there’s really no limit to what we can do with these lending programs that we have. So there’s a lot more we can do to support the economy, and we’re committed to doing everything we can as long as we need to.

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Posted in * Economics, Politics, America/U.S.A., Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, Poverty, President Donald Trump, Senate, The U.S. Government

(BBC) Coronavirus: Brazil overtakes Spain and Italy as new cases grow

Brazil has overtaken Spain and Italy to become the country with the fourth-largest number of confirmed coronavirus infections in the world.

Officials on Saturday reported 14,919 new cases in the past 24 hours, taking the total to 233,142. Only the US, Russia and the UK have higher numbers.

The death toll in Brazil over 24 hours was 816, bringing the total to 15,633 – the world’s fifth-highest figure.

Experts warn that the real figure may be far higher due to a lack of testing.

The mayor of the country’s most populous city, São Paulo, warned on Sunday that the city’s health system could collapse. Bruno Covas said the public hospitals in the city reached 90% capacity for emergency beds, with demand still growing.

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Posted in * Economics, Politics, Brazil, Economy, Ethics / Moral Theology, Health & Medicine, Politics in General

Latest Figures–No new coronavirus deaths as South Carolina logs 276 new cases, bringing the total to 8,661

At least 8,661 people in South Carolina have tested positive for the coronavirus and 380 have died, according to state health officials.

The S.C. Department of Health and Environmental Control reported…[over 250] new cases of the virus and no additional deaths Friday.

Patients who died were residents of Sumter, Cherokee, Clarendon, Fairfield, Florence and Pickens counties, according to health officials.

Worldwide, more than 4.6 million cases of COVID-19 have been reported and more than 310,000 people have died, according to Johns Hopkins University. More than 1.4 million cases and 88,000 deaths have been reported in the United States.

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Posted in * Economics, Politics, * South Carolina, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, State Government

(Church Times) Cathedrals face sharp drop in income

As churches learned this week that their coronavirus shutdown could end in July, administrators of the nation’s cathedrals are beginning to consider what life in the “new normal” will be like.

With their doors closed, many have adapted new technology, live-streaming services and linking remotely through apps such as Zoom. But cathedrals have also taken a severe financial hit, with the loss of collections, no visitor spending, and the cancellation of events that often fund a significant proportion of their annual expenditure.

“On top of daily worship, events are the bread and butter of what cathedrals do, but they are going to be low down on the list of things relaxed,” the Church Commissioners’ Head of Bishoprics and Cathedrals, Michael Minta, said. The Commissioners fund each cathedral’s dean, two residentiary canons, and some lay staff.

Cathedrals had had great expectations for 2020: the Year of Cathedrals and the Year of Pilgrimage were expected to boost visitor numbers and involvement. “There was a real positive vibe last year that things were really going to be good for everyone,” Mr Minta said. “But, instead, many have had to stand staff down, buildings are closed, their cafés and shops are shut, and income has been lost.”

Larger cathedrals, such as Canterbury and St Paul’s, which rely on tourism from overseas, have been badly affected; Durham’s 750,000 visitors, one third from overseas, provide one fifth of its annual revenue of £7 million.

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Posted in * Economics, Politics, Church of England (CoE), Economy, England / UK, Health & Medicine, Parish Ministry, Religion & Culture, Stewardship

(Local Paper) How Summerville, South Carolina businesses have managed amid the coronavirus pandemic

Like countless cities and towns across South Carolina and the world, Summerville was uprooted by a pandemic that left residents secluded at home and many businesses either adjusting their services or closing down shops.

It has led to a delay in the annual Flowertown Festival, an event that brings thousands of tourists and potential customers to Summerville in April. It’s also led to less foot traffic in a town with dozens of small businesses that rely on local customers.

For some owners, this has meant a complete remodeling of their business practices.

The Greater Summerville/Dorchester County Chamber of Commerce recently put out a survey to grasp how the pandemic has impacted local business owners in the area.

Seventy owners have responded so far. Around half were able to remain open while following guidelines. The rest had to either rely solely on new virtual services or close doors completely, like Sutton’s salon.

“It’s a very scary and very pressing time for people,” said Rita Berry, president of the chamber.

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Posted in * South Carolina, Consumer/consumer spending, Corporations/Corporate Life, Economy, Health & Medicine

(NYT) The Covid19 Outbreak’s Untold Devastation of Latin America

When Aldenor Basques Félix, an Indigenous leader and teacher, fell ill in Manaus [Brazil] with coronavirus symptoms in late April, he was treated at home — he had no money for the bus ride to the closest hospital. As his condition deteriorated, his friends spent five hours trying to reach an ambulance, but couldn’t get through.

When his impoverished community finally got together the money for a taxi, Mr. Basques Félix, 49, was dead. At the hospital, attendants refused to take the body, saying the morgue was full. His friends had to wait with the corpse in an evangelical church until they could find undertakers to take it away.

“They refused to take his body away, they refused to do the tests,” said Mr. Tikuna said of the hospital workers.

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Posted in Brazil, Chile, Economy, Ecuador, Globalization, Health & Medicine, Peru, Politics in General

(Washington Post) Small business used to define U.S. economy, but pandemic could change that forever

The coronavirus pandemic is emerging as an existential threat to the nation’s small businesses – despite Congress approving a historic $700 billion to support them – with the potential to further diminish the place of small companies in the American economy.

The White House and Congress have made saving small businesses a linchpin of the financial rescue, even passing a second stimulus for them late last month. But already, economists project that more than 100,000 small businesses have shut permanently since the pandemic escalated in March, according to a study by researchers at the University of Illinois, Harvard University and the University of Chicago. Their latest data suggests that at least 2% of small businesses are gone, according to a survey conducted Saturday to Monday.

The rate is higher in the restaurant industry, where 3% of restaurant operators have gone out of businesses, according to the National Restaurant Association.

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Posted in America/U.S.A., Corporations/Corporate Life, Economy, Health & Medicine, Labor/Labor Unions/Labor Market

(World) ‘When the help needs help’–why many smaller parishes are struggling

In mid-March, as the number of COVID-19 cases and deaths began to rise in Michigan, Kato Hart braced himself for a particularly grueling season for his community in Detroit. As the founding pastor of Hold the Light Ministries Church of God in Christ, a tiny storefront church of about 15 members, Hart knew that once again, the disaster would strike hardest the poor and the marginalized like those in his church neighborhood, which is about 94 percent black with a median household income of $20,502.

He was right: Over the next several weeks, Detroit became Michigan’s epicenter for COVID-19 cases and deaths. Although black people account for only 14 percent of Michigan’s population, they currently make up 41 percent of COVID-19-linked deaths in the state. Within Hart’s own social circles, a family friend lost her 5-year-old daughter to COVID-19. His denomination, Church of God in Christ (COGIC), which is the largest African American Pentecostal denomination with an estimated membership of 6.5 million, has reported at least a dozen bishops and clergymen who have died with the coronavirus. That list includes a prominent bishop in Detroit.

The pandemic has upended the economic stability of Hart’s community as well: After Michigan Gov. Gretchen Whitmer issued a statewide lockdown, Hart began receiving phone calls from anxious congregants who lost their minimum-wage jobs or faced significant pay cuts. Many are single mothers who live paycheck to paycheck, and now they have zero income, meager savings, and little social support to pay their rent, bills, and childcare. One church member, for example, takes care of a daughter and grandchildren by herself, and she cannot even afford to fix her furnace.

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Posted in * Economics, Politics, America/U.S.A., Economy, Health & Medicine, Parish Ministry, Religion & Culture

(News2 Charleston) Exclusive poll: Many not ready to return to restaurants, gyms during COVID-19 pandemic

While most of the country has started the process of reopening, a majority of people surveyed in three U.S. states aren’t yet ready to return to restaurants and gyms, according to new polling from Nexstar Media Group and Emerson College. People in Texas, California and Ohio indicated they aren’t ready to return to places they frequented prior to the pandemic — even with social distancing and other precautions in place.

In California, 65% said they would not feel comfortable going to a restaurant with some spacing precautions. Similarly, 60% of surveyed Texans weren’t ready to dine-in.

To contrast, a majority of people in Ohio are more ready to return to restaurants. Of those surveyed, 51% said they were comfortable returning to restaurants with precautions.

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Posted in * Economics, Politics, America/U.S.A., Dieting/Food/Nutrition, Economy, Health & Medicine, Sports

(CNBC) ‘Feels like we’re at the bottom’: Some executives see signs of recovery in April

The coronavirus pandemic ground the U.S. economy to a near halt in March and April. But in the last couple of weeks, many company executives and investors across industries say they are seeing small signs business is picking up again. At the very least, there is evidence the sharp downturn has hit bottom.

Uber CEO Dara Khosrowshahi said more people have requested rides in recent weeks. Car sales have started to rebound, according to data from J.D. Power. And some retailers, including Costco and CVS Health, said foot traffic is increasing at stores.

But the toll of the pandemic is large, and it will make recovery complex. As the economy reopens in some states, people are slowly returning to stores, restaurants and other businesses — but that comes with risk of another outbreak.

More than 80,000 Americans have died after contracting Covid-19, according to data compiled by NBC News. In some parts of the country, coronavirus cases and hospitalizations are still climbing. With no vaccine or treatment, people may still be reluctant to go to public places.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Health & Medicine, Labor/Labor Unions/Labor Market

Christopher Murray on Face the Nation on the Challenges America Faces as the gradual reopening of the economy begins

MARGARET BRENNAN: And you are looking at mobility through tracking cell phone data. Is this mobility because of loosened restrictions or is it just quarantine fatigue and people are going out and about more than they should?

CHRISTOPHER MURRAY, M.D.: You know, I think it is a bit of both. We’re seeing increases in mobility, even in anticipation of the relaxation of social distancing. But there’s definitely a correlation. The places that are taking off the social distancing mandate, the bump in mobility appears to be larger. So somewhere like Georgia, which was one of the first, we’re seeing, is in that category of– of a pretty big increase. So it’s definitely a mixture of both, we believe.

MARGARET BRENNAN: You know, we spoke just before you with one of the White House economic advisers who said one of the reasons they’re waiting on more emergency financial aid is because they want to see what happens in the states as they pull back restrictions and whether that leads to a new outbreak of the disease, as Kevin Hassett put it. Do you have any indication that that is happening?

CHRISTOPHER MURRAY, M.D.: Well, I think that the big challenge here is that when we model the relationship between mobility and transmission, most of the data that’s informing that is coming from when people reduce their mobility and we saw a reduction in transmission, you know, namely social distancing works. Now that we’re coming out, the big question mark is will people’s own behavior, acting responsibly, wearing a mask, avoiding physical– coming into physical close contact, will that be enough to counteract the effects of rising mobility? And so we really are going to have to wait and see. Our suspicion is that there will be about ten days from now in these places that have had these big increases in mobility, we are expecting to see a jump in cases.

MARGARET BRENNAN: And what– what places? What are the potential hotspots in the next ten days?

CHRISTOPHER MURRAY, M.D.: Well, as I mentioned a moment ago, the big increases in mobility, there’s five states at the top. Some of those have had modest epidemic so far. So they may not be huge numbers. But, you know, the top five in terms of increasing mobility are Montana, North Dakota, South Dakota, Minnesota and Georgia. But there’s another ten states or more where there’s been a ten to fifteen percentage point increase of mobility. So pretty– pretty diverse. So we may see quite a lot of states tipping towards increasing cases in the next two weeks.

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Posted in * Economics, Politics, America/U.S.A., Economy, Ethics / Moral Theology, Health & Medicine, Politics in General, State Government

(FT) Gillian Tett–Is it safe to go to the shops, see a friend or get on a plane? How to assess risk in the age of coronavirus

…our sense of risk in an epidemic is shaped by the question of who we think has the responsibility for handling it. [Anette] Mikes, for example, identifies four overlapping patterns in how different social groups handle risk. Sometimes it is considered the responsibility of individuals to manage risk (under the principle of caveat emptor). On other occasions there is a more egalitarian approach: everyone in a community voluntarily tries to protect everyone else. A third framework uses hierarchical controls: leaders manage risk by issuing orders.

Then there is a fourth option: fatalism, when nobody tries to manage risks at all.

In peaceful times, we do not often define which of these four approaches we rely on to keep us safe; or not unless we work in jobs explicitly focused on measuring or trading risk, such as finance (where the concept of caveat emptor often collides with hierarchical rules). But Covid-19 crystallises this. Some of us may want to handle the dangers of an epidemic in an individualistic way, like those Lansing protesters. Others, such as the governor of Michigan, Gretchen Whitmer, who imposed the lockdown, think that hierarchical controls are needed.

Nearly all of us probably have an egalitarian instinct too: we want to avoid infecting ourselves and each other. But few citizens — let alone politicians — want to stipulate explicitly how anyone should prioritise these approaches. Nor do many want to resort to the fourth option: fatalism.

So where does that leave governments and citizens? In a state of confusing flux, it seems, in most countries….

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Health & Medicine, Politics in General

(Slate) Small Churches Are in Particularly Big Trouble Right Now

Founded in the mid-19th century, New Hope United Methodist Church had been operating on a razor-thin budget for years. Even after renovating the sanctuary recently, Sunday attendance was low, with $300 in the collection plate on a good week. But the church’s small, bustling food bank served 50 people a week in the low-income Starlight neighborhood of Atlanta. Others came to the church for Bible study and a free meal on Thursday nights, where a volunteer made sure everyone went home with an extra plate.

But the pandemic accelerated New Hope’s struggles. More than half its meager weekly donations came through cash in the Sunday offering basket, and the congregation has not met in person since mid-March. To raise extra money, pastor Abby Norman had recently started renting out the historic church building for documentaries and other film projects, including rap and country music video shoots. (Norman said she mostly stayed out of it but did ask the artists to email her the lyrics first.) The pandemic killed those gigs, too. Last week, Norman told her congregation that the church—and the food bank—would have to close. “We were so close,” Norman said. “It’s not just that we’re losing a church that worships Jesus on Sunday. It’s generations worth of knowledge about how to care for a community.”

Temporary church closings have meant spiritual losses for many Christians. Zoom is no substitute for the fellowship of weekly gatherings and the ritual of communal worship. But for churches as institutions, with buildings to maintain and staff to pay, the pandemic has also prompted a financial crisis. About 40 percent of Protestant pastors say giving has declined since earlier this year, according to an April survey conducted by LifeWay Research, which is affiliated with the Southern Baptist Convention. Just 9 percent said giving has increased. “This will push some churches over the edge,” said Scott McConnell, LifeWay Research’s executive director. “It’s definitely an existential threat.”

The unexpected dry season is especially acute for smaller churches and those serving low-income communities.

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Posted in Economy, Health & Medicine, Parish Ministry, Stewardship

(Economist) The financial world’s nervous system is being rewired–And it is not America that is doing it

China has gone furthest. In 2015 it launched cips, an interbank messaging system to ease international payments in yuan. It uses the same language as swift, allowing it to talk to other countries’ payment systems. For now just 950 institutions use it—less than 10% of swift’s membership. But “what matters is it’s there,” says Eswar Prasad of Cornell University.

The real revolution is happening in low-value transfers. Like swift, the network of American card schemes is tricky to displace. Member banks and merchants trust each other because they adhere to tested rules. They also like the convenience of the schemes’ settlement platforms, which compute “net” positions between all banks that they square up at the end of the day. So rival schemes struggle to make a dent. In 2014, fearing sanctions could block it from using American schemes, Russia created its own, which now accounts for 17% of domestic cards. But its 70m tally is dwarfed by Visa and Mastercard’s 5bn. Size is not a problem for UnionPay, China’s own club. Just 130m of its 7.6bn cards were issued outside the mainland, however, where it is mostly used by Chinese tourists.

A mightier threat comes from a state-led revamp of domestic payment systems. Eager to reassert control over key infrastructure, some 70 countries have rebuilt their local plumbing to enable near-instant bank transfers at the tap of a screen. Europe is the most advanced, having fused local networks into a bloc of 35 countries and more than 500m people. South-East Asia is also trying to stitch its systems together. On March 5th India and Singapore connected theirs for the first time.

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Posted in America/U.S.A., China, Economy, Globalization, Science & Technology, The Banking System/Sector

South Carolina to dramatically ramp up testing, contact tracing to stamp out coronavirus

South Carolina’s public health agency plans to test nearly a quarter million people for COVID-19 over the next two months, partnering with healthcare facilities and a private lab as part of a new, coordinated assault on the pandemic.

As part of that new strategy, the state Department of Health and Environmental Control will quickly test all 40,000 residents and employees of South Carolina’s nearly 200 nursing homes, where the respiratory disease can spread quickly and prey on vulnerable residents. At least 84 nursing home residents and employees have died so far from COVID-19.

The agency also is stepping up plans to hire contact tracers. It is identifying a pool of up to 1,000 people who can be hired and trained to track down where the virus has been and where it might spread next, a crucial piece of the state’s outbreak containment strategy.

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Posted in * South Carolina, Economy, Ethics / Moral Theology, Health & Medicine, State Government

(Local Paper) South Carolina logs 93 new coronavirus cases through this Tuesday, +13 additional deaths, bringing state to 6,841 total cases

By Aug. 4, DHEC projects the state could have over 1,100 deaths from the coronavirus, up from about 360. DHEC’s website no longer notes, as it had, that the projections assume social distancing into June.

“I believe we’re moving in the right direction at exactly the right time,” Gov. Henry McMaster said Tuesday. Statistics from businesses as well as health professionals informed his decision to allow businesses around the state to resume some services, he said.

“We probably had fewer restrictions than any state in the country,” McMaster said. “We have information, facts, statistics from businesses to see what’s happening, we’ve had experience to see what’s happened with other states… we certainly know how to contain it.”

Residents in a trio of Richland County ZIP codes where the coronavirus is most prevalent will have access to nasal swab testing next week, in a partnership between local officials and the Medical University of South Carolina.

“I do think we have the tools and resources necessary to defeat this pandemic, but it takes exactly what we’re doing right now,” state Rep. Ivory Thigpen, D-Columbia, said during a Tuesday press conference at the South Carolina Statehouse.

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Posted in * South Carolina, Economy, Ethics / Moral Theology, Health & Medicine, State Government

(Gallup) Americans tilt optimistic about GDP and stock market going forward

Americans are concerned about the present state of the economy and believe conditions are worsening, but their six-month predictions for specific aspects of the economy are less dire — particularly in terms of the stock market and economic growth.

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Posted in America/U.S.A., Economy, Health & Medicine, Psychology

(AP) South Carolina restaurants, parks reopen as virus restrictions loosened

South Carolina has officially begun loosening restrictions on travel, commerce and recreation implemented during the initial spread of the coronavirus, as the state tries to regain its economic footing ahead of the summertime tourist season.

Monday marked the end of Gov. Henry McMaster’s stay-at-home order, which placed a $100 fine on anyone outside their home for a reason other than work, visiting family, exercising alone or going to an essential business such as a grocery store.

Dine-in restaurants and close-contact businesses such as barbershops and gyms remain closed, along with playgrounds and nightclubs. But restaurants were being allowed to begin serving people in outdoor dining areas Monday, as long as tables were at least 8 feet (2.4 meters) apart, parties were limited to eight people and strict sanitation guidelines were followed.

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Posted in * Economics, Politics, * South Carolina, Economy, Health & Medicine, State Government

(NY Mag) What the Coronavirus Models Can’t See

Pulling up short of 75,000 deaths means, in other words, an incredibly abrupt conclusion to the pandemic, with deaths going all the way to zero very soon and staying there permanently. That is not going to happen. For about the last two weeks, the country has been on a roughly flat trajectory of about 2,000 deaths per day. If it stays on that plateau through August 4, it would mean not 12,000 more deaths, but 180,000. And the pandemic wouldn’t simply end on August 4 just because the modeling does.

Of course, we may well not stay on that pace, but decline. How quickly? According to a New York Times survey of five major models, published last week, all of the models project a quite rapid decline — as rapid as the ascent was. As for how quickly that decline would begin, a model based at the University of Texas, which has won praise as an alternative to the IMHE, now says with 100 percent certainty that the country has passed its peak — this despite the fact that just on Wednesday we reached a new peak, and despite the likelihood that no more than 5 percent of the country, at most, has been exposed to the disease.

So, what is happening? Why is it that nearly all efforts to project the future shape of the pandemic seem unable to see more than a week or two into the future? And why, even in that time frame, are they almost unanimous in projecting a precipitous decline that is almost every day contradicted by the number of new deaths?

There are two big explanations. The first is that even under present conditions, in which the spread of infection is being dramatically constrained by shutdowns, the disease is not behaving as we expected.

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Posted in * Economics, Politics, City Government, Economy, Ethics / Moral Theology, Health & Medicine, Politics in General, Science & Technology, State Government

(NPR) Rent Is Due Today, But Millions Of Americans Won’t Be Paying

More than 30 million people have applied for unemployment as of April 30, as a result of the coronavirus pandemic. Many are falling behind on their rent and are being evicted, despite new rules designed to stop evictions. Experts say the moratoriums by state and local officials don’t go far enough and are leaving tenants vulnerable.

“My main concern is that I’ll be evicted,” says David Perez. The self-employed father of one sells artisanal wares, like wallets and sandals, at a flea market in Elkridge, Md. “What’s going to happen to my family?”

Perez hasn’t had any income since the end of February because the flea market closed, and he says that he and his 14-year-old daughter are living off food donated from his church. He has already lost his van because he couldn’t make his monthly payments.

Maryland Gov. Larry Hogan issued an executive order on March 5 to block evictions, and state courts are not accepting eviction case filings until after the end of the public health emergency….

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Posted in America/U.S.A., Economy, Health & Medicine, Housing/Real Estate Market, Personal Finance

(Local Paper) Myrtle Beach allows hotels to re-open as coronavirus restrictions ease

Myrtle Beach, the financial heart of South Carolina’s tourism economy, will allow hotels and short-term rentals to start once again.

An emergency order by the city to slow the spread of the novel coronavirus expires Friday. In a City Council meeting held by teleconference Thursday, elected leaders of the beach town approved a new emergency order that will not stop hotels from renting.

Officials said they felt it would not be legal, given recent orders by Gov. Henry McMaster, to continue to bar rentals.

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Posted in * South Carolina, Economy, Health & Medicine, State Government

(Local Paper) How South Carolina summer camps plan to handle changes from coronavirus outbreak

More than 20 million youths across the country attend day and overnight camps, generating more than $27 billion in revenue and providing 1.5 million jobs during the season, according to industry estimates.

At Sullivan’s Oconee County camp, registration is between $945 and $3,930 per child. But it’s hard for her and others in the industry to speak with certainty about what the summer might hold, as they await revised U.S. Centers for Disease Control and Prevention protocols, expected to be released in May.

Sullivan said Camp Chatuga will make “month-to-month” decisions. Maybe sessions can be held in July only, or pushed into August, for instance.

“If it looks too much like it’s going to be a restriction on what camp is all about, that’s going to affect whatever decision we make too,” she said.

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Posted in * South Carolina, Children, Economy, Education, Marriage & Family, Sports

(Local Paper) South Carolina will renew state of emergency order for up to 2 more weeks as state reaches 5,490 cases

Gov. Henry McMaster plans to issue a new state of emergency order on Monday, saying the widespread threat of the coronavirus remains too high for such a restriction to be lifted.

“We’re not out of this yet. We went into this in a smart way with targeted hotspots, so we do not have the burden that some other states have, but we’re still facing a very serious disease and contagion,” McMaster told reporters Sunday in Greenville.

State law only allows the mandate to be in effect for 15 days. The work-or-stay home order will remain in place, but also could be lifted prior to that deadline.

“All of the policies that have been adopted have been to enforce and encourage social distancing,” McMaster said. “If we’re smart, we can come out of it quickly, but we must do so safely.”

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Posted in * South Carolina, Anthropology, Economy, Ethics / Moral Theology, Health & Medicine, State Government, Theology

(Science Magazine) COVID-19 vaccine protects monkeys from new coronavirus, Chinese biotech reports

For the first time, one of the many COVID-19 vaccines in development has protected an animal, rhesus macaques, from infection by the new coronavirus, scientists report. The vaccine, an old-fashioned formulation consisting of a chemically inactivated version of the virus, produced no obvious side effects in the monkeys, and human trials began on 16 April.

Researchers from Sinovac Biotech, a privately held Beijing-based company, gave two different doses of their COVID-19 vaccine to a total of eight rhesus macaque monkeys. Three weeks later, the group introduced SARS-CoV-2, the virus that causes COVID-19, into the monkeys’ lungs through tubes down their tracheas, and none developed a full-blown infection.

The monkeys given the highest dose of vaccine had the best response: Seven days after the animals received the virus, researchers could not detect it in the pharynx or lungs of any of them. Some of the lower dosed animals had a “viral blip” but also appeared to have controlled the infection, the Sinovac team reports in a paper published on 19 April on the preprint server bioRxiv. In contrast, four control animals developed high levels of viral RNA in several body parts and severe pneumonia. The results “give us a lot of confidence” that the vaccine will work in humans, says Meng Weining, Sinovac’s senior director for overseas regulatory affairs.

“I like it,” says Florian Krammer, a virologist at the Icahn School of Medicine at Mount Sinai who has co-authored a status report about the many different COVID-19 vaccines in development. “This is old school but it might work. What I like most is that many vaccine producers, also in lower–middle-income countries, could make such a vaccine.”

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Posted in China, Corporations/Corporate Life, Health & Medicine

(The State) If South Carolina stops social distancing, coronavirus cases could rebound, DHEC warns

After nearly two months of combating the spread of coronavirus, South Carolina has plateaued and should see the number of cases begin to drop off — but only if South Carolinians continue to keep their distance from one another.

That was the message Dr. Linda Bell, South Carolina’s state epidemiologist, gave to a meeting of the Midlands Coronavirus Task Force on Thursday.

“We are at the plateau, but we are not on a downward trend, and we want to see a downward trend,” Bell said. As the state’s economy now begins to reopen, “I cannot emphasize enough that we have to maintain social distancing.”

That’s particularly important in the Midlands, where Richland County has been hit with the largest number of cases in the state, especially in the African-American community. Bell said Richland ranks fifth statewide in the per capita rate of cases, at 174 per 100,000 residents. As of Tuesday, 15 people have died of COVID-19 in Richland County, also the highest in the state.

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Posted in * South Carolina, Economy, Ethics / Moral Theology, Health & Medicine, State Government

(Church Times) It would not be viable for us to cover virus outbreaks, says Ecclesiastical Insurance

A PCC treasurer has been told by Ecclesiastical Insurance that its policies do not cover the coronavirus pandemic.

Mary Woolley, a parochial church councillor for the 13th-century Grade II* listed St Mary the Virgin, Lynton, in Devon, tried to make a claim under the business interruption clause, covering loss of earnings and closure owing to disease. But, when she contacted the insurer, she was turned down.

“They said: ‘No chance on either count. Sorry, but there you go.’ That hit a nerve,” she said. “Ecclesiastical is in a slightly funny position in that it is owned by the Allchurches Trust, which gives money to charity — and we are a charity. It has strong links with the Church of England. Their reaction wasn’t: ‘We can feel your pain.’ It was, rather: ‘We couldn’t possibly help our churches in that way: we wouldn’t be able to afford it.’”

One third of her church’s income is raised through service collections and donations from tourists. “There are two sections in the policy covering lost earnings,” she said. “One was closure by public decree, which seemed to be pretty clear, but the answer was: ‘Ah, yes, but not for disease.’ The other was disease. There is a long and absolutely hilarious list of things for which we would be covered if we closed the church, such as leprosy and smallpox, but, unfortunately for us, Covid-19 wasn’t invented when the list was created.

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Posted in Church of England (CoE), Economy, England / UK, Health & Medicine, Parish Ministry, Religion & Culture, Stewardship

(Local Paper) Charleston’s peninsula could be walled in under new $1.75B flood prevention plan

Charleston’s peninsula could become a walled city again for the first time in centuries if the results of a flooding protection study released Monday come to full fruition.

The preliminary plan — the results of 18 months of work by the Army Corps of Engineers — is the preferred path forward of seven different options the Corps considered. It would encircle much of the peninsula with a wall running almost 8 miles to keep out hurricane surge.

Gates would let water run into the marshes and two rivers that bound Charleston.

Five new pump stations would aim to avoid a “bathtub effect” and move rainfall out of the perimeter. A breakwater slightly offshore of the peninsula’s southern tip would be designed to slow down damaging waves.

That, and efforts to flood-proof a few structures outside the barrier, come to an unprecedented total for a flooding project in Charleston: $1.75 billion.

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Posted in * South Carolina, City Government, Climate Change, Weather, Economy, Politics in General, Urban/City Life and Issues

(Local Paper) Many South Carolina retailers start to reopen after Gov. McMaster relaxes coronavirus closures

Though its locations have been closed, Goodwill has still been receiving donated goods. Limited staff have been sanitizing donations. Fink said when doors open, the retail stores should be fully stocked. Customers will notice some changes, like limits on how many people can be inside at once and directional signage.

“We want to make sure we’re protecting our community,” Fink said.

And given Goodwill’s purpose helping people get back to work, its services are more important than ever during coronavirus. Revenue from the retail stores funds the career centers.

Half-Moon Outfitters, which operates stores in Charleston, Greenville, Columbia, Mount Pleasant and North Charleston, said its stores were open Tuesday only for curbside service.

Katherine Smith, the company’s marketing director, said the sporting goods retailer was not ready to open its doors to customers just yet. The staff, she said, was busy restocking the stores and ensuring they had the right safety measures in place for when business does resume.

Half-Moon locations will have hand sanitizer available at the entrances to the stores and the employees will police how many customers are in the stores at one time.

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Posted in * South Carolina, Economy, Ethics / Moral Theology, State Government

(The State) South Carolina Gov. McMaster allows some stores to reopen 2 weeks after closing due to COVID-19

South Carolina Gov. Henry McMaster on Monday reversed restrictions on some businesses he ordered roughly two weeks ago allowing some retail shopping to reopen as state public health officials continue to fight the novel virus that has so far claimed more than 100 lives in the state.

Under the governor’s new order, department stores can reopen, along with other retail businesses deemed “nonessential” such as sporting goods stores, book, music, shoe and craft stores, jewelry stores, floral shops and other luggage and leather goods stores.

Stores, however, still must abide by previous mandates that limit occupancy to five customers per 1,000 square feet, or 20% of posted occupancy limits.

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Posted in * South Carolina, Economy, Health & Medicine, State Government

(WSJ) Europe Slowly Emerges From Coronavirus Lockdown

Europe’s atomized efforts are a test of how the U.S. will fare as states such as New York and California attempt to follow. President Trump’s administration has encouraged states to reopen in phases after cases begin to fall. New York Gov. Andrew Cuomo and the governors of six nearby states have convened a task force to look at how they will reopen their economies.

Experiences in Europe suggest the reopenings will come in fits and starts, in a strange, postlockdown reality where commercial districts are at best half-open, closed to tour groups and crowds, and bracketed with temperature control checks.

“It’s a hard mental shift,” said Weston Stacey, the executive director of the American Chamber of Commerce in the Czech Republic. “With U.S. government officials we’ve talked to, it’s very hard to get them around this thinking of, ‘OK, if we do this, in three weeks, everything will go back to normal.’ Things are not going back to normal.”

Lockdown restrictions helped reduce coronavirus cases and many Italian intensive-care units now have free beds. But the toll on shops, restaurants, bars and entertainment businesses has been extraordinary.

At least a sixth of all Italian restaurant and bars—some 50,000 mostly small businesses—will perish, the country’s bar and diner lobby Fipe projects. Movie theaters have seen almost no revenue in weeks, and anticipate prohibitive crowd restrictions when they reopen: Germany’s top 10 grossing films combined reported just $1,485 in total ticket sales over Easter weekend.

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Posted in Economy, Ethics / Moral Theology, Europe, Health & Medicine, Politics in General