Read more: World ‘sleepwalking’ to another financial crisis, says BrownWhile the agency said the precise outcome would be difficult to predict, it said no deal would be “credit negative” for issuers across the economy.The government is aiming for a negotiated exit, but ministers have repeatedly warned that leaving without a deal is possible. They have released papers covering multiple sectors outlining the consequences of no deal.Meanwhile, a significant number of Conservative party MPs have indicated that they will vote against the government’s current plan, outlined in a white paper agreed by the Cabinet at Chequers, the Prime Minister’s rural residence.A no-deal Brexit “would clearly pose more significant credit challenges than a negotiated exit”, Moody’s said. No-deal Brexit risks UK recession and credit rating cuts says Moody’s whatsapp Jasper Jolly A no-deal Brexit would risk a recession in the British economy and endanger the credit ratings of a host of companies, an influential rating agency said today.Moody’s Investor Service said the risk of negotiations between the UK and the EU breaking down had “risen materially” in recent months, in an update to the market. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse CoastUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndo Share Thursday 13 September 2018 11:15 am The subsequent consumer spending squeeze would risk tipping the UK into recession, Moody’s said.Meanwhile, Ireland, the Netherlands, Cyprus and Malta could also see their economies damaged. The opinion of the ratings agency is important because some investors are only allowed to hold debt which is rated above a certain level. Any fall in a rating – for a country or an individual company – can make borrowing more expensive.”We still think the UK and the EU will eventually reach an agreement to preserve many – but not all – of their current trading arrangements, particularly around trade in goods,” said Colin Ellis, Moody’s chief credit officer EMEA and co-author of the report.”However, we believe the prospect of the UK leaving the EU without any agreement has risen materially.”Read more: Raab: Brexit is an ‘easy excuse’ for poor business performanceThe agency warned of short-term consequences including a sharp fall in the value of the British pound, higher inflation and a “squeeze on real wages over the two or three years”. whatsapp read more

first_img Alexandra Rogers whatsapp whatsapp London looks to New York and Paris for advice on resilience in wake of Brexit Other cities involved in the two-year, 100 resilient cities project include Singapore, Kyoto and Buenos Aires.Twycross, Sadiq Khan’s deputy mayor for fire and resilience, said: “London faces huge pressures in the future, including the impact of Brexit on our economy, a severe lack of affordable housing and the challenges of tackling serious violence on our streets. All of this is against a backdrop of a growing population in London and the challenges of ensuring we have the infrastructure to keep our capital the best city in the world.“Resilience isn’t just about emergencies and how we respond to them, it’s about identifying the risks and putting together a range of measures to help us mitigate those while ensuring our frontline services and resources are directed where they are needed most.” Monday 26 November 2018 12:04 am More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: Trading Archive Share London is looking to the likes of New York and Paris to help it tackle the challenges of Brexit, population growth and infrastructure needs by sharing advice and ideas with 100 other cities.City Hall has appointed London Assembly member Fiona Twycross as a new chief resilience officer to lead a “resilience strategy” for London, which will focus on infrastructure’s capacity to handle the capital’s growing population and transport and housing needs.last_img read more

first_imgBusiness | JuneauJuneau Empire publisher departs abruptlyJanuary 4, 2017 by Jacob Resneck, CoastAlaska Share:The Juneau Empire on Channel Drive. (Photo by Heather Bryant/KTOO)There’s been more turnover at the top of Juneau’s daily newspaper. Publisher Rustan Burton has left the Juneau Empire after nearly four years at the helm, according to a brief article posted Wednesday afternoon on the newspaper’s website.His departure follows the managing editor and two reporters in recent weeks. Top editor Charles Westmoreland left at the end of December after five years at the paper. And reporters Lisa Phu and Sam DeGrave also left at the end of last month.The Juneau Empire article gave no reason for the publisher’s departure. The article said he’d left to take an unspecified job in the Midwest. Burton said he was on a family vacation and declined further comment.Deputy editor Emily Russo Miller has been serving as interim managing editor since Christmas Eve. A new cops reporter started work this week.The article quoted Burton as saying he was “grateful” for the opportunity at the Empire. The Juneau Empire is owned by Georgia-based Morris Communications. The article said Kenai-based group publisher Deedie McKenzie will serve as publisher in the interim.Share this story:last_img read more

first_imgFederal Government | Military | NPR NewsFallen soldier’s mother says Trump disrespected her son and familyOctober 18, 2017 by Don Gonyea and Brian Naylor, NPR News Share:A man holds a sign supporting Donald Trump at a rally at Veterans Memorial Coliseum at the Arizona State Fairgrounds in Phoenix, Arizona, in June 2016. (Creative Commons photo by Gage Skidmore)Updated on Oct. 18 a 4:25 p.m. ETThe pushback — and the outrage — began immediately.Trump was asked on Monday why he had not yet commented on the deaths of four U.S. soldiers who were ambushed during a mission in Niger on Oct. 4. In his answer, Trump turned attention to the policies of past presidents and their contact with families of service members who have died.On Tuesday, he followed his initial comments with more assertions, offering a specific example. That prompted further rebuttal from staff of previous administrations.Meanwhile, a congresswoman said Trump told the widow of one of the soldiers killed in Niger that he “must have known what he signed up for.”Rep. Frederica Wilson, D-Fla., tells NBC6 that she overheard the call to Myeshia Johnson on Tuesday on a car speakerphone, as the two women were heading to Miami International Airport to meet the body of Johnson’s husband, Sgt. La David Johnson.In a tweet Wednesday morning, Trump denied he said that, calling Wilson’s account “fabricated” and adding, “I have proof.” Press secretary Sarah Sanders clarified that there was no recording of the call, but that there were several people in the room at the time, including retired Marine Gen. John Kelly, Trump’s chief of staff.Democrat Congresswoman totally fabricated what I said to the wife of a soldier who died in action (and I have proof). Sad!— Donald J. Trump (@realDonaldTrump) October 18, 2017Yet by midday Wednesday, the soldier’s mother, Cowanda Jones-Johnson, had backed up the congresswoman’s account. Jones-Johnson said she was also in the car listening to the call and told The Washington Post, “President Trump did disrespect my son and my daughter and also me and my husband.”At a Rose Garden news conference on Monday, a reporter had asked Trump: “Why haven’t we heard anything from you so far about the soldiers that were killed in Niger? And what do you have to say about that?”The president responded, “I’ve written them personal letters.”But as he continued, his response got less clear.“They’ve been sent, or they’re going out tonight, but they were written during the weekend,” Trump said.Then came a promise of more.“I will, at some point during the period of time, call the parents and the families — because I have done that, traditionally,” he added. He spoke of how making such phone calls is a “difficult thing.”Then came the moment that is vintage Trump. He turned it into an attack on his predecessors in office.“If you look at President Obama and other presidents, most of them didn’t make calls,” he said. “A lot of them didn’t make calls.”The facts simply don’t support such a statement.Trump’s words prompted measured responses from the offices of the past two presidents.A former Obama White House official told NPR on Monday, “President Trump’s claim is wrong. President Obama engaged families of the fallen and wounded warriors throughout his presidency through calls, letters, visits to Section 60 at Arlington, visits to Walter Reed, visits to Dover, and regular meetings with Gold Star families at the White House and across the country.”On Tuesday, George W. Bush’s spokesman wrote in an email, “I don’t have a statement from President Bush; I can only confirm that of course he wrote, called, and visited privately with hundreds if not thousands of families of the fallen.” Twitter was also full of reaction from former Bush and Obama White House staffers, including photographs and emotional stories of meetings with soldiers’ families at Walter Reed National Military Medical Center in Washington, D.C., and of the former commanders in chief being present for the arrival of the remains of soldiers at Dover Air Force Base in Delaware.Many also used social media to share former President George W. Bush press secretary Dana Perino’s past recollections of visiting troops and their families in the hospital — some were gravely wounded; some wouldn’t survive their injuries. In April 2015, Perino shared that scene with NPR’s Morning Edition:“Most every family was just delighted that the president was there and so honored that the commander in chief would stop by. I wasn’t sure what it would be like, and on my first trip there, I witnessed that for about the first 25 people he visited. And then we went in to this room, and the mom and dad were there and the mother was distraught.“Her son was on life support, and from what I gathered and could tell, that his prognosis — that it was unlikely he would survive. And the mother was very distraught and she’s crying and the husband was trying to calm her, and the president was there and he also tried to calm her. And then she yelled: ‘Why are your children OK, but my son is here?’ And the president stopped trying to comfort her because she was inconsolable.“But he didn’t leave. He stood there, almost as if he needed to absorb it and to understand it. Commanders in chief make really tough decisions, and we went on to the next rooms, and I remember those being experiences where the families were very happy to see him. But when we got on Marine One to fly back to the White House, the president was looking out the window, and then he looked at me and he said, ‘That mama sure was mad at me.’ And then he looked out the window and he said, ‘And I don’t blame her a bit.’ And a tear rolled down his cheek, but he didn’t wipe it away, and then we flew back to the White House.”On Tuesday, the White House remained on the attack on this issue, defending Trump’s initial comments, but also including a specific example of his own chief of staff.Kelly lost his son in Afghanistan in November 2010. Second Lt. Robert Michael Kelly was killed when he stepped on a land mine while on patrol with his platoon of Marines. He was posthumously promoted to first lieutenant.In an interview with Fox News Radio on Tuesday morning, Trump implied that former President Barack Obama never called Kelly after his son’s death.“I said it very loud and clear yesterday. The hardest thing for me to do is [make those calls],” Trump said. “Now, as far as other representatives, I don’t know. I mean, you could ask Gen. Kelly did he get a call from Obama?”He added, “I’m not speaking for other people. I don’t know what Bush did; I don’t know what Obama did. You could find out easily what President Obama did. All you have to do is ask the military people, but I believe his policy was somewhat different than my policy. I can tell you my policy is I’ve called every one of them.”After the interview, a current White House official told NPR that Obama did not call Kelly after his son was killed in action.In May 2011, the Obama White House did host a breakfast for Gold Star families, families who lost a loved one serving in the military. A source familiar with that breakfast confirms not only that Kelly attended but also that he and his wife were listed as being seated at a table with the first lady at that event.On Tuesday evening, White House press secretary Sarah Huckabee Sanders said Trump had spoken to the four families of the soldiers killed in Niger.“He offered condolences on behalf of a grateful nation and assured them their family’s extraordinary sacrifice to the country will never be forgotten,” the statement said.Copyright 2017 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

first_imgThursday 16 April 2015 9:10 pm whatsapp MINING group Rio Tinto held its annual meeting yesterday against a backdrop of protests against its environmental record. Representatives from global workers’ unions, including Unite and IndustriALL, as well as the London Mining Network, gathered in London to draw attention to the firm’s transgressions. IndustriALL’s Kemal Ozkan said: “The company systematically fails on environmental, social and governance factors and our campaign will continue until Rio Tinto becomes the social actor it describes itself to be.”Richard Solly, coordinator of the London Mining Network, said that while Rio Tinto offers dialogue with protesters every year, “the pace of actual improvement in the company’s behaviour is glacial”. The group, which knocked back a takeover bid from rival Glencore last summer, declined to comment. Tags: NULL Share Global activist groups gather to protest Rio Tinto investor event Express KCS center_img More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruComedyAbandoned Submarines Floating Around the WorldComedySwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteabley whatsapp Show Comments ▼ last_img read more

first_img whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search Ads Brace yourselves: Black Friday is coming.Last year’s retail bonanza-cum-bun-fight is back. Tesco is simply saying “Come back in November 2015 for our Black Friday deals”. Show Comments ▼ Amazon is also warming up to the event it is arguably responsible for bringing to the UK. Its website proclaims: “Black Friday 2015 will be here before you know it and be even more exciting than Black Friday 2014.”“Come back in November to find the best early Black Friday sales you won’t want to miss. Just like last year you will find great deals in electronics, video games, clothing and more.” Department store John Lewis is also gearing up for round two.“At John Lewis our commitment to being Never Knowingly Undersold means that we match our competitors’ prices all year round – so on this day, we’ll have even more deals to enjoy,” it says. Black Friday 2015 UK: Where and when to get the best discounts is already being hinted at by Tesco, Currys PC World, John Lewis and Amazon whatsapp Catherine Neilan This year it will be taking place on 27 November, meaning there are less than eight weeks to go. In 2014, it was the biggest single day for online sales of the year, and retailers are falling over themselves to make sure they capture that cash.Savvy shoppers will no doubt be looking to avoid some of the tussles (and all-out-violence) that descended on British high streets. To that end retailers are promising “hassle-free” shopping for the second run of the day of discounts.Electricals retailer Currys PC World is promising it won’t be beaten on price on “everything from computers, TVs and home audio to cookers, fridges and washing machines”.It promises that it will match competitors including Argos, Asda, John Lewis, Tesco and AO.com, but you have to register your interest in its deals now.  Tuesday 13 October 2015 4:01 pm Sharelast_img read more

first_imgBy Alex Lennane 30/07/2019 Anecdotal reports from forwarders that Lufthansa Cargo has been offering below-market rates in an attempt to boost volumes are supported by the carrier’s poor first-half results. Lufthansa’s logistics business shows revenue down 5% to €1.23bn ($1.37bn), while operating expenses rose 6% to €1.28bn, resulting in a 93% fall in ebit to just €9m. Adjusted ebit fell 88%. Capacity, meanwhile, measured in available cargo tonne km, rose 9%. Load factors fell 6.1 percentage points. Its biggest problems were in Asia Pacific, where Lufthansa Cargo’s first-half revenues fell 13% to €465m, and revenue cargo tonnes km (RTK) fell 7%. It will be interesting to see if its closer cooperation with Cathay Pacific gives these numbers a boost in the future. Its greatest growth, with revenues up 40% to €109m, was in Middle East/Africa, likely a result of taking on Brussels Airlines bellyhold capacity  which also caused costs to rise. In the Americas, revenues fell 5% to €489m, while in Europe it fell 1% to €95m. Lufthansa said the cargo business was down due to “lower economic growth and market uncertainty in the face of trade conflicts and Brexit”. But while Lufthansa RTKs were down 1% overall, it pointed to IATA figures showing that ,globally, airlines were down 3% in the first five months of the year.  It said that “the renewal of its freighter fleet continues”. It took on two 777Fs in spring and added another to Aerologic’s fleet. It said: “Lufthansa Cargo responds to weaker market demand by adjusting flight timetables and reducing use of the MD11 freighters; two MD11 freighters are to be retired by year-end 2019.” It added that it would continue to make efficiency improvements and cut costs, while “implementing optimised capacity planning”. Lufthansa Cargo also has a new subsidiary, heyworld, for e-commerce. Logistics accounts for 6.9% of Lufthansa Group business by revenue – and the other divisions also had a dismal first half. The group made a loss of €116m, down from €713m a year earlier. Ebit fell 60% to €417m, on total revenues up 3% to €17.5bn. The second quarter saw profits fall 70% to €226m on revenues up 4% to €9.6bn. The executive board explained: “The European airline industry is currently facing numerous challenges that are also affecting the course of business at Lufthansa Group. The main reason for this performance was the difficult market situation in Europe, in addition to higher fuel and MRO expenses.” The carrier added: “[The] macroeconomic situation continued to decline globally, and particularly so in Europe and Germany; contributing factors include trade conflicts and uncertainty concerning the effects of Brexit.” Lufthansa said it would sell six of its 14 A380s back to Airbus in 2022 and 2023, while adding 20 A350-900s between 2022 and 2027. It is also acquiring 20 787-9s in the same period. For the outlook, LC said: “Weaker demand in the freight market caused yields to fall in the first half-year. Depending on further macroeconomic developments and the outcome of the trade conflicts, there is a risk that this trend will continue for longer and be more pronounced than expected. “For the freight sector, IATA assumes that global RTKs will be at the same level as last year; in 2018 they increased by 3.4%.” You can read the full report here.last_img read more

first_img For these reasons — quality, reliability of supply, and national security — it makes sense to ensure that the U.S. has the ability to make the active ingredients for essential drugs as well as the finished products, and also has the ability to ramp up production in a crisis.An emphasis on U.S. sourcing is just one aspect of the Civica model. It also relies on long-term purchase agreements with its hospital members to create a predictable and stable demand. Civica works with hospitals to prioritize essential medications and plan for supply interruptions through agreements with multiple suppliers and by holding a physical stockpile of medicines. These are all strategies that policymakers should pursue to ensure the U.S. is ready for the next pandemic.This spring, Civica entered a partnership with Phlow Corporation of Virginia, with significant funding from the federal government, to create an end-to-end U.S. manufacturing system for finished drugs, active pharmaceutical ingredients, and key chemical precursors. To make it economical for other companies to make long-term investments in U.S. drug manufacturing and the jobs that would come with them, policymakers should consider additional measures, all of which have attracted bipartisan support. These include using the government’s purchasing power, including through long-term contracts, to create a stable demand for American-made medicines, their active ingredients, and some of the key chemicals used in their manufacture. Tax incentives and other measures can also reduce the cost of building new U.S. manufacturing facilities.The goal of such policies is not to disentangle the United States from the global marketplace. A diverse drug supply chain is a good insurance policy. But for essential drugs, in peacetime or pandemic, the U.S. should ensure that it can provide the medicines Americans need when we need them.Martin VanTrieste is the president and CEO of Civica Rx and a member of Phlow’s board of directors, for which he is not compensated. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices.From the very start, part of Civica’s approach has included an emphasis whenever possible on American-made medicines and the active ingredients from which they are made. That’s because a drug’s supply chain is a key part of quality, and short supply chains are less susceptible to disruption.In a recent op-ed, FDA Commissioner Stephen Hahn and Deputy Commissioner Anand Shah wrote that the pandemic has highlighted the vulnerability of our medical supply chains like never before, and there seems to be an upsurge in bipartisan support for policies to encourage American-made medicines.advertisement About the Author Reprints ‘It’s really a horrific situation’: What one doctor thinks about drug shortages‚ and how to solve them First OpinionThe U.S. needs to support American-made medicines Trending Now: Some say the “buy American” order will distract from efforts to develop new medicines to combat the novel coronavirus, yet the executive order has no effect on any drug that is still under patent and thus faces no competition. What’s more, companies are certainly capable of pursuing scientific R&D while simultaneously making strategic decisions about manufacturing.Others argue that the order won’t be enough to bring manufacturing back to the U.S. overnight. While it is true that additional measures will be needed, this policy or similar ones will help support U.S.-based manufacturers.Both sides agree that globalization and the outsourcing of drug manufacturing benefits consumers by reducing the cost of drugs. They make the case that even though global supply chains are long and complex, they are effective at delivering medications to patients.That’s true, except when things go wrong.The existing U.S. drug supply chain has some well-documented weaknesses:For more than a decade, we’ve experienced chronic shortages of hundreds of essential medicines.Quality problems with drugs manufactured overseas, particularly in China and India, have frequently been identified, yet the U.S. Food and Drug Administration has had limited ability to carry out foreign inspections.As we have seen during the coronavirus pandemic, countries may curtail exports for a variety of reasons. In March, India restricted the export of 26 drugs to prevent domestic shortages. A senior Chinese official has even hinted at export limits on antibiotics as a tool in ongoing trade disputes. Adobe Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson center_img A recent White House executive order would create a list of essential drugs and use the purchasing power of the U.S. government to preferentially buy medications made in this country. The Biden campaign has outlined a similar approach. Critics of this policy make two main arguments: (1) It will do too much. And (2) it won’t do enough.advertisement Related: linkedin.com/in/mvantrieste/ Martin VanTrieste By Martin VanTrieste Oct. 5, 2020 Reprints Tags pharmaceuticalslast_img read more

first_imgAdvertisement Ex-wife of Palm Beach Publix killer responds to sheriff’s criticism June 16, 2021 AdvertisementTags: Lehigh Acresshooting Lehigh Acres man gains attention for riding bike backwards June 16, 2021 Lehigh Elementary preschool teacher accused of child abuse won’t renew contract June 16, 2021 Advertisement AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentscenter_img RELATEDTOPICS Two teens arrested in Cape Coral shooting investigation June 16, 2021 LEHIGH ACRES, Fla. – Deputies are investigating a shooting in Lehigh Acres, according to the Lee County Sheriff’s Office [LCSO]. The shooting was domestic in nature, LCSO reported. There were no life threatening injuries reported. A witness said they heard gun shots and screaming. A person has been detained, according to deputies. This is a developing story. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

first_img Pence Cartoon: “KOR-US Karaoke” Is Nuclear Peace with North Korea Possible? By Daily NK – 2007.08.24 6:17pm [imText1]North Korea’s farmland has been severely damaged from the recent flood disaster. Korean aid organizations and experts have strongly warned that North Korea may face another food shortage without foreign assistance and strict monitoring of distributions.While North Korean authorities continue to publicize footages and reports on the flood damages, concerns from the international community rise. However, there have not been any specific investigations on North Korea’s food situation as yet, and without these figures it will be difficult to assist or provide effective aid to the North Korean people. According to North Korea’s Chosun Central TV, approx. 9,917.4㎡ of farmland has been damaged from the flood. This is 14% of North Korea’s total farmland. The U.N. Food and Agriculture Organization estimated a loss of 200,000~300,000ton of granary, whereas some North Korea experts estimate this figure to have reached 400,000tons. In order to understand North Korea’s food crisis, an estimate of North Korea’s total agricultural harvest and agricultural production needs to be made in addition to an estimate of annual food consumption by North Korean people.Possibility of re-distributions of annual output equaling 400,000tons North Korea’s total farmland approximates 1.6 million hectare according to North Korean authorities.The majority of defectors say that 1 hectare of North Korea’s farmland equals 2.5~3tons of output including rice and corn, though discrepancies are found between each region due to the lack of fertilizer and acidified soil. This amount of 4mn tons was reached taking into consideration that North Korea’s farmland area equates 1.6mn hectare and each one hectare producing at least 2.5tons of output. Nonetheless, during the mass food shortage in the mid-90s, 1 hectare of farmland was not even able to produce 1 ton of output. The Korean Rural Development Administration estimated North Korea’s total agricultural production to total 4.48mn tons in 2006, while the World Food Program estimated 4.3mn tons. A North Korea support organization “Good Friends” only estimated 2.8mn tons and even predicted the possibility of a more severe food crisis compared to that of the mid-90s.In that case, what is the annual food consumption amount by North Korean people?North Korean policy advisors say that a person can live sufficiently consuming 10,000tons of output per day which equals 3.6mn~4mn tons of output annually. Simple calculations can give an indication of the amount of food needed. If all persons from the elderly to a child consumed a total of 550g of distributions per day, then this would equal 12,100 tons daily and hence 4,416,500 tons annually. Limited rations stored since the 80s distributedNorth Korea’s population is estimated to be 22mn. On average, authorities distribute 550g of rations to adults and 300g to old and feeble persons. The “World Fact Book” of CIA estimates North Korea population to be 15mn (15~64years, July 2004), or 67.8% of the total population. Even after eliminating 7mn children and elderly, North Korea’s annual food consumption equals 3.77mn~77.5mn tons. In particular, if 4mn tons of rations is supplied for the military and laborers, a stable distribution system may be implemented. Since the early 80s, 8 days worth of distributions have been subtracted from monthly rations from average citizens under the policy, “war supplies.” This equates to a loss of 96 days worth of distributions per year, meaning that North Korean citizens have been living on 23 days worth of rations every month. With 96 days worth of rations subtracted from the year, North Korean people are left to survive on less than 3mn tons of food per year. This has continued since the early 80s. In that case, the question remains as to why the distribution system has not been restored. This reason lies in the increased quantity of distribution rations entering market systems and self-productive provisions through divided-and allocated-collective farms to each factory and business factions as of 2000. Rations are assigned to collective farms and then should be redirected to the food policy department for storage and distribution. However, it is difficult for the distribution system to accumulate due to fraud and theft on the layered process of distribution. The Korea Rural Economic Institute calculated the consumption of one North Korean person to total 1,600 kcal. The total of North Korea’s consumption was calculated to equal 5.2~5.3mn tons of production. Even since 2001, the FAO and the WFP estimated North Korea’s consumption to exceed 5mn tons. If 22mn of North Korea’s population is calculated to be adults, then 650g of food needs to be distributed. Defectors say that mass starvation would not have occurred in the mid-90s food crisis even if at least half of the 650g of rations had been distributed. With 220,000 hectare of farmland washed away, less than 1 ton of production was left by the flood, North Korea’s decrement of output will be 550,000 tons. 3.85mn tons of production is left after 550,000tons is subtracted from the 4.4mn estimated by the South Korea Rural Economic Institute last year. However, the problem remains that these estimated figures are not accurate. Lee Min Bok who worked for North Korea’s Academy of Science for Agriculture said, “The actual quantity of agricultural production may be significantly less that the current estimated figures. There is a food shortage as production does not yield to 4mn tons.” Despite the amount of North Korea’s food production, if 500,000tons of output has been lost due to the flood, a food crisis can be expected in North Korea.However, North Korea’s agricultural output only would have averaged 3.5~4mn tons last year and yet no dire starvation would occur throughout the nation. Further, assistance from the South Korean government and the international community only estimated a total 550,000tons. This time round if food assistance is provided in North Korea, what is necessary is strengthening of a monitoring system to ensure that food and medical assistance is distributed to the people in need. In the end, the critical factor is calculating North Korea’s annual agricultural production and finding out how much food production has been affected by the flood. Nonetheless, it seems tactless to be predicting next years “mass starvation” when figures have not been confirmed. 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