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Daily Archives: February 8, 2021
Tesla buys Bitcoin worth $1.5 billion, to accept the cryptocurrency as payment – Economic Times
Posted: February 8, 2021 at 11:14 am
MUMBAI: Tesla bought Bitcoins worth $1.5 billion in January 2021 after the company updated its investment policy to invest in digital assets, a filing with the Securities Exchange Commission showed.
We updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity, the document filed by Tesla showed.
In another significant move, the company said that it will start accepting Bitcoin as payment for its product and services in the future.
We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt, the company said in its filing.
The development comes days after Tesla co-founder Elon Musk displayed a symbol of Bitcoin on social media. He has been recently tweeting memes of another alternative cryptocurrency Dogecoin.
Bitcoin rates have surged 35 per cent since the beginning of the year and recently crossed above the psychological resistance level of $40,000. The cryptocurrency has rallied over 800 per cent since the beginning of April as more institutional and retail investors bought the currency as hedge against inflation.
The central bank recently said that an internal panel is working on the model for a digital currency to rival private cyrptocurrencies like Bitcoin.
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Tesla buys Bitcoin worth $1.5 billion, to accept the cryptocurrency as payment - Economic Times
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Indian Government Prepares to Fast Track Crypto Bill Plans to Introduce Cryptocurrency Law in a Month: Report Regulation Bitcoin News – Bitcoin News
Posted: at 11:14 am
The Indian government is reportedly considering taking the ordinance route to quickly pass the cryptocurrency bill. The government is of the firm view that they want to introduce the law within a month of clearance of the ordinance, a local news outlet detailed.
All eyes are on what the government of India will do with the cryptocurrency bill that is listed to be introduced in the current session of parliament. The bill seeks to ban cryptocurrencies while creating a framework for the official digital currency to be issued by the central bank, the Reserve Bank of India (RBI).
On Friday, CNBC-TV18 reported that The government may take the ordinance route to pass the Cryptocurrency and Regulation of Official Digital Currency Bill, citing unnamed sources. The news outlet elaborated:
The PMO, Finance Ministry, and Cabinet Secretariat have started preparing the draft details of the ordinance. The government is of the firm view that they want to introduce the law within a month of clearance of the ordinance.
They want this bill to be cleared as soon as possible, reporter Timsy Jaipuria noted. She added that the cabinet is understood to have given clearance to this particular proposal that this bill can be introduced via an ordinance route in its last meeting which was held on Feb. 3.
Ordinances are promulgated by the president of India on the recommendation of the Union Cabinet. They have the same effect as an Act of Parliament. Ordinances can only be issued when Parliament is not in session, enabling the government to take immediate legislative action. The current Budget session began on Jan. 29 and will end on April 8. It is held in two phases; the first phase will end on Feb. 13 and the second will start on March 8.
The cryptocurrency bill could resemble the one drafted by an interministerial committee (IMC) headed by former Finance Secretary Subhash Chandra Garg, who has now resigned from the government. Recently, the Minister of State for Finance Anurag Thakur answered some crypto questions in Rajya Sabha, the upper house of Indias parliament, clarifying the governments stance on cryptocurrency and the digital rupee.
There are still many unanswered questions about the bill the government is planning to introduce and many are just waiting for the bill to become public. Meanwhile, the Indian crypto industry has launched a campaign to convince the government not to impose a ban on cryptocurrencies.
Do you think India will soon introduce crypto law? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, CNBC TV18
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Indian Government Prepares to Fast Track Crypto Bill Plans to Introduce Cryptocurrency Law in a Month: Report Regulation Bitcoin News - Bitcoin News
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Cryptocurrency And Regulation Of Official Digital Currency Bill, 2021 And Legal Framework Ahead – Live Law – Indian Legal News
Posted: at 11:14 am
A dubious concern in the banking finance sector in India today is the debate over according legal status to crypto/virtual currencies ("CCs"). The Reserve Bank of India ("RBI"), vide a notification[1] ("Notification"), directed all entities regulated by RBI not to deal in CCs or provide any services for facilitating any person in dealing or settling with CCs. As the blockchain enthusiasts, the crypto-exchanges and individuals holding CCs, across the globe watched in approbation, in March 2020, the Supreme Court of India[2] ("SC Case"), quashed the Notification, holding that the restrictions imposed by the Notification were disproportionate to the concerns raised by the RBI and therefore unsustainable. However, it was also held that RBI has inherent powers to regulate the dealing and trading of CCs in the interest of the banking system, monetary stability and sound economic growth[3]. While this development was emblematic of optimism amongst industry players in India, the quashing of Notification had only brought CCs into a grey area and one could not have elided that RBI and legislators will be oblivion to any activity relating to CCs in future.
The Parliament proposes to introduce Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 ("Crypto Bill") in its ongoing session. The Crypto Bill seeks to ban all private cryptocurrencies and create a legitimate framework for official digital currency in India, backed by government/RBI, while providing certain exceptions to promote the underlying technology driving the digital currency.
The Crypto Bill: What we see ahead?
The absence of any legislative/regulatory framework or policy confirming the status of CCs till date and the validity of trading in and dealing with them, questioned their future in India which hinged over a murky structure. The Crypto Bill has brought a ray of hope, suggesting a possible advent of a digital currency in India and its regulation by RBI/government. However, the Crypto Bill also suggests banning of all the private cryptocurrencies. The very news of introduction of Crypto Bill in the Parliament session has sent out shivers in the cryptocurrency market. The industry practitioners have hit the panic button due to the speculative foresightedness attached to the Crypto Bill, including more particularly the banning of 'private cryptocurrencies'.
As to what is a 'private cryptocurrency' remains unclear for now as the draft of the Crypto Bill has not been made available to public. The crypto evangelist bat for currencies like Bitcoin and Ethereum to be public currencies, however there is uncertainty, whether the Crypto Bill will render the use of currencies like Bitcoin and Ethereum illegal in India.
Further, it remains to be seen whether CCs will be treated as a 'currency' or a 'stock' or there will be an outright ban on dealing with them. The proliferators of CCs contend that they cannot be differentiated, without any reasonable basis, from other persons engaged in the business, including that of pre-paid wallets and other electronic dealings in money, purely because they are engaged in the use, trade or dealing of CCs and that vetoing use of CCs infringes upon the right to carry out trade and business and impairs the Right to 'Equality'[4], Right to carry out 'Trade or Business'[5] and Right to 'Life and Personal Liberty'. Whereas, the primordial concerns of RBI/government that could make CCs nefarious and question their acceptability, are the volatility and fluctuation of their value and anonymity of transactions, which may give rise to cybercrimes, money laundering, misinformed investments by consumers, frauds and terrorism financing.
The forward strategy
The Indian citizenry have long delved themselves into the use, trade and sale of CCs and have established highly successful businesses in the form of crypto exchanges and blockchain driven start-ups and therefore one cannot sign off CCs completely. Crypto firms in India have also experienced a successful phase during the pandemic lockdown and the trading on crypto exchanges increased manifolds. Were at one hand the government's current move threatens to put the future of this industry in disarray once again, the introduction of Crypto Bill will also be a welcome step. However its success will depend on various factors, like defining 'private cryptocurrencies', contours of regulation and power given to the regulators to regulate the use and trade of CCs, that will decide the fate of CCs in India. At this stage, the government may consult stakeholders before coming to a decision on status of CCs in India.
In the milieu of the nascent technology-driven businesses, subsequent to the SC Case, the world now awaits in high anticipation of the Indian policymakers'/legislator's next move to see whether there will be an outright ban or there will be a regulatory framework on CCs or whether and the lawmakers/government come up with a hybrid digital currency that is backed and regulated by the RBI. A pragmatic sense suggests that the lawmakers and RBI regulate the trading of CCs, either by coming up with a substantive legislation or regulation/policy by RBI for regulating and facilitating the dealings in CCs either as a currency or a virtual asset, ensuring the following inclusions, amongst others;
Views are personal.
[2] Internet and Mobile Association of India vs Reserve Bank of India, 2020 SCC Online SC 275
[4] Constitution of India, 1950, Art. 14.
[5] Constitution of India, 1950, Art. 19, Cl. (g).
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Joke cryptocurrency goes on wild ride | From the Wire Business | leadertelegram.com – Leader-Telegram
Posted: at 11:14 am
CHICAGO For a minute there, it looked like Ronny Maali had struck it rich relatively speaking.
The accounting student from Orland Park, Ill., last year bought more than 1,000 Dogecoins, a digital currency that was created as a joke. Maali thought it was pretty funny too: With each Dogecoin trading for well under a penny, his investment cost him only $2.50, less than the price of a Big Mac.
But in late January, as social media-inspired speculation lifted the stock prices of widely belittled companies like GameStop and BlackBerry to dazzling heights, Dogecoin went along for the ride: In 24 hours, its value rose from less than a cent to nearly 8 cents an increase of more than 900% that took its market cap to $9 billion.
Maali, tracking the wild ride on his phone, bought another $20 worth on the way up and watched in amazement as the value of his pocket money investment hit $140.
When it started rocketing and these guys on (the social media platform) Reddit were pushing it, I was like, This is awesome, he said.
As with other hot investments, though, the rise was swiftly followed by a plunge. Within another 24 hours, Dogecoin fell to 3 cents, where it hovered until a Thursday morning rally, sparked by a series of cryptic tweets from Dogecoin provocateur Elon Musk, spiked the price once more.
The value of Maalis holdings is down from its peak, but despite the continuing volatility hes still way ahead.
(Dogecoin) wasnt meant to be taken seriously, he said. But I was like, Who knows? Maybe someday Ill wake up and itll be the next Bitcoin and I can tell my parents Im a millionaire.
In a world gone mad with a pandemic and social upheaval, cryptocurrencies are having a moment. Created out of thin air or, to be more precise, mined by computers as a reward for recording the currencies transactions they are not backed by central banks or tangible assets, but get their value from the wisdom of the crowd.
Bitcoin is the original digital currency. It started trading in 2009 at a fraction of a penny and over years of dramatic boom-and-bust cycles climbed to its current value of more than $30,000. Despite plenty of questions about Bitcoins true worth, an ever-widening array of companies accept it as payment, including AT&T, Overstock and Dish Network.
Thats the kind of scenario Dogecoin investors dream about, despite the currencys bizarre origin story.
Two computer jocks invented it in 2013 to parody the thousands of currencies that sprang up in Bitcoins wake, naming it after the doge (pronounced DOZH) meme that paired photos of a wide-eyed shiba inu with the dogs supposed inner monologue.
It was supposed to be a lighthearted effort fans of the Jamaican bobsled team raised enough in Dogecoin to send the squad to the Sochi Olympics in 2014 but took a dark turn when scammers and hackers got involved, prompting creator Jackson Palmer to walk away.
I saw the space being overrun by opportunists looking to make a buck, rather than people investing in evolving the technology, he wrote in an essay for Vice.
But the currency, despite the pejorative label of meme coin, endured.
It bubbled along for years at well under a penny, but in 2018 leaped to a high of nearly 2 cents as part of a larger cryptocurrency bubble. It didnt last within a day it was worth less than 1 cent again but that set a pattern in which everyone from TikTokkers to Musk could make the price jump with some online attention, all the while egged on by investors cheering, To the moon!
Still, it took last months stock run-up to catapult the currency to an unprecedented pinnacle, as commenters begged each other not to sell to keep the price high. Abe Aziz, an automotive service consultant from Morton Grove, Ill., who has a decent amount invested in Dogecoin, said he subscribes to that approach.
Why not go for the ride? he said. At the end of the day, you could become wealthy.
JaMal Green, a Black Lives Matter activist and former Chicago mayoral candidate who said he has many thousands of Dogecoins, sees the currency as a way for people without much money or financial expertise to get in the game with hedge funds and billionaires.
I like how these groups are coming together to really talk about what it means to play in cryptocurrency or stocks, to play in the market, he said. Its great to see the bottom 99% come together to figure out how they can achieve wealth together and bridge that economic gap a bit.
But Eric Budish, a professor at the University of Chicago Booth School of Business who studies cryptocurrencies, warned they are particularly vulnerable to bubbles because they are not tied to economic fundamentals in the way a stock price (ideally) reflects a companys earnings.
As long as everyone holds, he said, the price will indeed go up. The problem is you can never be sure youve picked the right time to cash out.
When people try to sell, the price will come down, he said. That means everybody wants to sell first. Nobody wants to be the last guy selling, and thats sort of the essence of a pump and dump.
Though Budish is skeptical of Dogecoins utility, a small but growing number of merchants accept the currency. One is LiftMode, a Chicago-based online seller of nutritional supplements.
Co-owner Armand Tuzel said only a few people have used it so far, but like the army of Redditors rooting for Dogecoin to hit $1, hes holding onto the ones he has accumulated.
For working capital its not good but for passive savings its very good, he said.
Nelson Morales, a Beach Park data center engineer who runs a Facebook group called Cryptocurrency of Greater Chicago, has his doubts about the currency. He worries about inexperienced investors getting drawn into a dangerous, roulette-style pump that could end with a disastrous crash.
Still, that hasnt stopped him from putting $50 of his own into Dogecoin.
I just want to have a canary in the tunnel, he said. The canarys still alive. Im impressed.
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Letter to Editor | Letters to the Editor – Hermann Advertiser Courier
Posted: at 11:14 am
Can we risk exterminating the human race.
What if the cure is worse than the disease, what if a hastily created vaccine is rapidly injected into every person on the planet and we find out there is a glitch, a side effect we didn't know about, most vaccines take 10 to 20 years to meet FDA approval, weather intentionally or unintentionally can we risk exterminating all human beings from the Earth.
This is a very complicated vaccine it affects a lot of things in the body, should we just take this pill no questions asked because covid is bad? Germ warfare is all too real, some people say that covid itself is a created warfare disease, escaped or actually dispersed but what if that was just a precursor to a planned chain of events leading up to actually getting people to willingly have something squirted directly into their bodies, what a great way to make sure nobody is missed than actually documenting every person as they get it.
It's not that hard to get a shot, these shots are being specially documented to every person's name. This could be a whole new game.
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Letter to Editor | Letters to the Editor - Hermann Advertiser Courier
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Letter: Need to return to united, not divided states – Whidbey News-Times
Posted: at 11:14 am
Editor,
In response to Al Williams letter to the editor regarding the natural, human state of tribalism, I would like to offer a quote or two from one or two men who might be regarded as patriots:
Ulysses S. Grant, speaking to Civil War vets in 1875, speculated that if ever the nation were torn apart again, it would not be split North versus South along the infamous Mason-Dixon Line, the geographic boundary that separated free and slave states. He surmised that in the future the dividing line would be reason itself, with intelligence on one side and ignorance on the other.
Austrian philosopher Karl Popper wrote, The more we try to return to the heroic age of tribalism, the more surely do we arrive at the Inquisition, at the Secret Police, and at a romanticized gangsterism, a horrible degeneration that begins with the push of a domino the suppression of reason and truth.
I quote these entries from A Warning, by Anonymous.
Another one is: Of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few. In war, too, the discretionary power of the Executive is extended; its influence in dealing out offices, honors, and emoluments is multiplied; and all the means of seducing the minds, are added to those of subduing the force, of the people. The same malignant aspect in republicanism may be traced in the inequality of fortunes, and the opportunities of fraud, growing out of a state of war, and in the degeneracy of manners and of morals engendered by both. No nation could preserve its freedom in the midst of continual warfare.
That was James Madison, April 20, 1795 in Letters and Other Writings of James Madison, vol. 4, p. 491 (1865)
Instead of focusing on how we are different, perhaps it is time for us to think about what we have in common as Americans and how we got to this state.
George Washington, in his 1796 Farewell Address said, The unity of government is a main pillar in the edifice or your real independence.
From different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth, as this is the point in your political fortress against which the batteries of internal and external enemies will be most constantly and actively directed.
The name of American, which belongs to you in your national capacity, must always exalt the just pride of patriotism more than any appellation derived from local discriminations.
In earlier times our rallying cry was, United we stand; divided we fall.
In my view, it needs to be again.
Marcia Nelson
Oak Harbor
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Letter: Need to return to united, not divided states - Whidbey News-Times
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Whats Keeping the Vaccine From Getting to Those Who Need it Most? – The Nation
Posted: at 11:14 am
Stanford University medical residents protest the inequitable distribution of the Covid-19 vaccine in December. (Angela Primbas)
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The week before Christmas, hundreds of medical residents at Stanford University Hospital joined an emergency Zoom call. They had been brought together by shared outrage at their administrations allocation plans for its first 5,000 doses of the newly authorized vaccine for Covid-19, the pandemic that had defined their past year. Only seven of those shots were reserved for residents, the lowest-ranking physicians, even though theyre more often exposed to patients infected with the coronavirus than other employees whose work had been almost entirely remote. But some of those employeesincluding hospital executives and dermatologists whod only seen patients virtuallywere nonetheless ahead of them in line.
For Angela Primbas, an internal medicine resident at Stanford, it was the last straw. She and her colleagues had been putting in 80-hour weeks caring for Covid patients, often missing out on their programs educational curricula to pitch in and staff wards instead. Theyd also recently gotten word that a shipment of the N95 masks theyd been using had been defective, leaving the young doctors vulnerable to exposure. They were more anxious than ever to get the vaccine, only to discover theyd been left out.
There was just a lot of emotional and physical stress that had been piling up over the course of many months, and then to be just completely excluded from participating in the one bright spotthe light at the end of the tunnelwas so upsetting, Primbas recounted by phone. She and the other residents decided to take action. The hospital wanted to kick off its vaccine rollout with a public-facing photo op, and they were going to get one.
The following morning, hundreds of residents, physicians, nurses, and other supporters staged a major protest at Stanford Medical Center, demanding that workers with the most contact with patients be first in line. Spokespeople told multiple media outlets that they took full responsibility for the problem and would right it immediately, blaming the error on a flawed algorithm for determining whod get vaccinated first.the greater good
Residents have indeed been vaccinated since their headline-grabbing demonstration, but not before hearing from friends in programs elsewhere whose experiences paralleled their own. In hospitals like University of Chicago and Johns Hopkins, physicians told me, work-from-home PhD students in their 20s were routinely offered vaccines they believed would be better off given to patients.
Snafus across the country have gone well beyond snubbed hospital residents. Since vaccines were sent rapidly out to states, high-profile screwups have dominated media coverage of the effort. Federal contracts with CVS and Walgreens to vaccinate nursing homes dragged well behind schedule. Spanish-language sections on enrollment websites spouted misinformation. Hundreds of hopeful recipients camped out at rumored distribution sites only to leave without jabs. Untold numbers of unused doses wound up in dumpsters, while vaccine targets nationwide fell millions short.
Such disasters reflect the immense challenges of implementing the largest mass vaccination program in US history, which until recently was helmed by a federal government actively hostile to it. As the Biden administration settles in and vows to ramp up coordination of and financial support, state and local efforts will scramble to make up for lost time. Their ability to do so will depend on their willingness to reach the patients that the 21st century has left behind.Current Issue
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From the early days of the global coronavirus pandemic, societies have, to varying degrees, adhered to measures like social distancing and school and business closures. The goal was to flatten the curveto slow the viruss spread to avoid overwhelming hospitals intensive care unitsin hopes that a vaccine would soon be available. And not long after, it was: largely thanks to investments of billions of dollars from the US and German governments, pharmaceutical giants Pflizer and Moderna both produced vaccines that boasted around 95 percent efficacy in clinical trials, greatly reducing symptom severity in vaccinated patients. These results clinched emergency use authorizations from the Food and Drug Administration, and the vaccines began making their way into arms less than one year after the novel pathogen arrived on American soilan absolutely astonishing timeline.
After nearly a year of incalculable losstopping 400,000 American deaths, not to mention countless hours with friends and family deferredthe vaccine is a ticket back toward normalcy. But that normalcy may elude us until upwards of 90 percent of people develop antibodies against the virus, either through vaccination or infection. Given the unknowns about how long protection from infection lasts, reaching so-called herd immunity will require getting shots into nearly everyone in the country.
Theres really no precedent for that. While mass vaccinations have played a key role in United States public health policy, theyve tended to be somewhat targeted by geography or age: Specific neighborhoods or cities were vaccinated against smallpox in response to outbreaks in the late 19th and early 20th centuries, a few million doses of polio vaccine were administered to grade schoolers in the 1950s and 60s, and a slate of childhood immunizations are still delivered on a routine basis today. But rolling out a vaccine to hundreds of millions of adults in a relatively short time is an entirely different situation: while children almost always have institutional relationships with schools and pediatricians, their ties to potential service providers can loosen with age and allow them to fall through the cracks. Getting adults to the right place at the right time, despite varying schedules, care responsibilities, access to healthcare, relationships with the state and levels of trust in medicine, is a formidable project.
I asked Jason Schwartz, assistant professor of health policy at the Yale University School of Public Healthan expert in vaccine policy who spends every day of his life thinking about this stuffif hed ever imagined what exactly a nationwide mass vaccination program would be like. He told me he hadnt. This is so far beyond our vaccination playbook that it explains why so much of this work is being envisioned, imagined, and implemented in real time, he said. We have so few lessons to draw on, other than imperfect analogies to other aspects of vaccination.
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Public health departments across the country have had hypothetical plans for mass vaccinations on the books for yearsa tendency that ramped up in the 21st century in response to concerns about germ warfare in the aftermath of post-9/11 anthrax attacks. But since those were written, public health department funding has been gutted; as Kaiser Health News reports, Great Recessionera austerity measures still havent been fully reversed over a decade later. Todays state and local health department budgets are 16 percent and 18 percent smaller than they were in 2008, and employ nearly 40,000 fewer people. Further compounding the problem is that these plans have rested on a reasonable assumption that simply isnt true of the Covid-19 pandemic. The plans that were developed prior to 2020 pretty much all assumed we would have federal leadership and federal financing, said Lindsay Wiley, director of health law and policy at the American University Washington School of Law. There wasnt really a plan in place where the idea was what free commercial event planning software can we use if we get zero federal leadership and support?
Wileys framing is hardly an exaggeration: Mere days after the inauguration of President Joe Biden, reports began to circulate that there was no existing federal Covid-19 vaccine distribution plan for the new administration to inherit. This punted responsibility to state and local health departments, whose long-awaited funding for vaccine distribution, passed through Congresss December stimulus bill, only just began to trickle to recipients in mid-Januarymonths after it would have been most useful. Weve been calling for fundingscreaming for fundingfor months, Claire Hannon from the Association of Immunization Managers told me by phone. Obviously, its better late than never, but its difficult to only get funding after the vaccine has been rolled out.
When I asked Hannon about how the delayed federal cash will affect the overall rollout, she said shed always been much less worried about the first stage of vaccinations than she was about the waves that come next. Phase 1amade up of the highest-priority vaccine recipients, according to the CDCwas arguably the easiest part. As states move on to Phases 1b and 1c, debates have raged over who should get shots first and why. But as it turns out, vaccine prioritization is less a philosophical question than a logistical one.
Even as the Trump administration left public health departments adrift, with no federal support or coordination for months on end, it had little hesitation about funneling resources into the private sector. Multimillion-dollar contracts were awarded to Walgreens and CVS to administer doses to the countrys 3 million nursing home residents, who along with 20 million health care workers comprised Phase 1a of vaccine allocation. But the drugstore giants lagged weeks behind schedule in state after state, with Oklahoma, Michigan, and Mississippi going so far as to beg the federal government to allow them to reassign nursing home vaccinations to other pharmacies or public health officials. Aharon Adler, a nursing home manager in Chicago, struggled to get information from CVS before they arrived to vaccinate workers and residents. Hed been prepared so inadequately for the big day that he hadnt even been told that shot recipients had to stay for observation in a socially distanced room, and the only space hed designated was too small, slowing down the process by several hours. When we talked by phone, Adler still hadnt been able to confirm with CVS when exactly theyd return for the second dose. Notably, the only state that didnt work with CVS or WalgreensWest Virginiaalso became the first to successfully vaccinate all of their nursing homes.
While CVS and Walgreens were woefully botching the nursing home rollout, high-profile incidents like Stanfords allocation algorithm began stoking outrage on social media. New Yorks Governor Cuomo endeavored to combat such unfairness by threatening stiff penalties for institutions that vaccinated anyone out of order, which reportedly spooked some hospitals into throwing unused doses in the trash instead. Meanwhile, relatively substantial numbers of people included in Phase 1a reportedly declined the vaccine, or preferred to take it later once theyd seen others do so safely.
The combined impact of these mishaps was that the early stage of the rollout underperformed projections by several million doses. Those meager numbersas well as anecdotes about undeserving recipients and overemphasized but rage-inducing images of shots piled up in garbage cansbegan fueling a backlash against what was by January being widely characterized as a disaster.
At this point, a growing chorus began chucking the baby out with the bath water. People were right to be angry at how the first month of the rollout had gone. But instead of blaming players like a callous federal government and drugstore giants whod failed to deliver on promises, many onlookers ascribed the mess to the concept of vaccine prioritization itself. Dictating what groups get the shot first, they argued, straitjackets the process, when we really need to just get shots in arms. As Phase 1a finally drew to a close, the far harder work loomed. And for Phases 1b and beyond, the argument went, public health departments ought to broaden eligibility beyond vulnerable subgroups and focus simply on speedy injections at a massive scale.
The title of an essay from bioethics think tank The Hastings Center put it succinctly: Ethics Supports Seeking Population Immunity, Not Immunizing Priority Groups. Just before Trump left office, his administration endorsed this view, stipulating that anyone over age 65 should now be eligible to receive a vaccine. Were telling states today that they should open vaccinations to all of their most vulnerable people, Health and Human Services Secretary Alex Azar said on January 12. That is the most effective way to save lives now. Several states, including Florida and Louisiana, have followed this directive. In Texas, state health officials went so far as to spike a Dallas plan to start vaccinating high-risk communities of color in favor of a broader, non prioritized program.
That shift may make intuitive sense, but it doesnt hold up to scrutiny. While its good to allow some flexibility in vaccine distribution guidelines to avoid unforced waste, prioritization schemes are far less of a limitation than the fact that states are still struggling to build up supportive infrastructure to do thisnot to mention the scarcity of doses in the first place. Adding tens of millions of people to the list of now eligible recipients doesnt make that any easierit would be like addressing long waits at the grocery checkout by doubling the number of people in line, instead of opening up more cash registers.
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After all, prioritization isnt just a matter of making a list with the power to magically summon arms in a particular orderit requires an active outreach strategy. Given how long the largest mass vaccination program in American history will takeperhaps nearly a year, per conservative estimatesit makes sense to strategize how to target both those patients most likely to die from the virus and those most likely to transmit it. Counterintuitively, doing away with prioritization in favor of speed and efficiency will actually do less to save lives, because the people most able to navigate the process of accessing the vaccine are overwhelmingly the least at risk. Figuring out how to enroll through a website or care provider, being able to take off work, and traveling to a vaccine site for two different doses are all rendered easier by class privilege.
This dynamic has already borne out starkly: in Washington, D.C., the number of early vaccine signups in a given neighborhood is directly correlated with how wealthy its residents are. In Chicago, race has proven a predictive factor. Unsurprisingly, wealth and race also correlates to employment in high-risk frontline jobs, affliction from debilitating comorbidities and residence in overcrowded housing most likely to drive infections. In other words, a passive approach of first come, first serve practically guarantees that the people who are safest from the virusricher, whiter, more connected people who work from home or can otherwise afford to hide therewill comprise the early wave of vaccination, as the people most likely to die or spread it remain unprotected. Beyond being unjust, that ensures the societal benefits of vaccination will be as minimal as possible.
But what exactly does effective outreach strategy look like? When I asked experts whos doing it right, I kept hearing the same surprising answer: Perhaps the best model for vaccine distribution in the country right now is happening in Central Falls, R.I.
Home to around 20,000 people, Central Falls is a city of superlatives: Its the most densely populated city in the state, the poorest, and the only one with a majority of residents of color. It was also the most affected by the coronavirus epidemic, with case rates per capita doubling those in hard-hit areas of New York.
Overwhelmed by his duties as the public health commissioner of Central Falls, Dr. Michael Fine began researching other countries coronavirus mitigation strategies last spring, as infections surged in his own community. When you look around the world, Fine told me by phone, its very clear that the places that have done best with coronavirus have been places that put people to work and invest in a lot more public health presence than the United States does. He set out to apply those insights, using money distributed to the city to hire 15 so-called health ambassadors from both Spanish and English-speaking communities within Central Falls to implement the citys pandemic response measures.
Since the spring, Fine told me, the health ambassadors have donned bright orange uniforms and maintained a presence at busy spots in town, like outside the Dollar Tree and City Hall. They handed out masks and talked to passers-by about why they were important, eventually driving local mask usage rates from less than 50 percent to over 90 percent. Later, they helped remind locals to get their flu shots, and helped enroll eligible participants in early vaccine trials. As Fine tells it, the health ambassadors became well-known and credible conduits for critical health information, relaying messaging within their own communities in ways officials could not.
And now, as the city rolls out the vaccine, the health ambassadors role is more important than ever. As part of a pilot program to stress test vaccine distribution, the State of Rhode Island opted to focus first on Central Fallszeroing in on a highly distressed ZIP code, and affording local officials latitude within it. To kick off the program, Fine and the vaccination teamcomplete with health ambassadors whod already been stationed thereset up a clinic at the public housing authority, knocking on doors and vaccinating everyone who accepted a shot. Both Fine and Central Falls Mayor James Diossa both got their first shots on-site, to demonstrate the vaccines safety. But Fine believes the health ambassadors helped things go as smoothly as possible: The ambassadors were there with the teams interpreting, and because of their very local presence, I think it was more comfortable for people.
Once the vaccination teams had worked through the public housing buildings, the ambassadors resumed their stations around townthis time, enrolling and teaching residents about vaccines and when and how to get one, like on one Saturday morning at the Kiwanis Club parking lot. And each morning before the start of their shifts, they have a bilingual Zoom meeting to discuss what theyre hearing about the vaccines, how to get people excited for them, how to assuage anxiety or quell rumors swirling about them. Fine encourages them to discuss their own experiences getting vaccinated to reassure their neighbors. In one meeting I was invited to, one health ambassador described how he was running into fewer and fewer people who had misgivings about the vaccine, and more and more people excited to get theirs.
The Central Falls model offers an effective strategy not only for prioritizing vulnerable people but actually reaching them. Thats whats missing from discussions about vaccine distributionas it turns out, the biggest logistical challenge of turning vaccines into vaccinations isnt maintaining extremely cold storage or even reaching consensus on who gets it first, but how to connect and coordinate with patients who are often by definition among societys hardest to reach.
Models like that used in Central Fallsactually going out into communities, and knocking on doors or setting up tables and clinicshave been successfully deployed by public health departments for diseases like tuberculosis, another deadly respiratory disease that shares Covid-19s predilection for the poor and vulnerable. For example, I once wrote about an outbreak among undocumented Chinese immigrants in 2013 and 2014. NYC public health officials were able to trace several cases to an Internet caf and karaoke bar in Sunset Park, Brooklyn, and sent workers there to test regulars on site, identifying and treating several additional cases. TB caseworkers also routinely bring medicines or administer antibiotic injections to patients in their homes and workplaces, saving them the burden of traveling to the clinic and making the sometimes lengthy treatments easier to adhere to.
Devising ways of reaching people less institutionally connected to the healthcare system has been central to many public health initiatives, Nabila El-Bassel, director of the Social Intervention Group at the Columbia University School of Social Work, told me. Mass vaccination teams should draw on those lessons, she says: Im thinking about people who use drugs, people in homeless shelters, in soup kitchens, in domestic violence shelters, or in community supervision programs. If we want to get into these populations, weve got to think about nontraditional sites and strategies. We cant just wait for them to come to us.
Experts have long debated how to handle the so-called last mile problem, or the logistics of getting a vaccine from the warehouse or hospital into the arm of a patient. Sometimes, the best option is to travel the last mile for them.
After all, vaccines may be the single most life-saving invention in the history of medicine, but no disease has ever been beaten by science. Turning vaccines into vaccinations requires vast amounts of resources and labor: investment in transformative pharmaceutical research, manufacturing operations, shipping and storage, administrative coordination, public messaging, pharmacists and health care workers, clinic supplies and planning, community outreach and ways to keep them all on the same page. How those elements are marshaled, and on whose behalf, arent questions that science can answer.
Those fights happen squarely in the realm of politics: As President Bidens administration sets to work building a federal distribution plan from scratch, and the deposits from the second stimulus bill finally hit state and local health departments accounts, were finally in place to start catching up to make mass vaccination work. If we do things right, and implement strategies for meeting the most vulnerable people where they are, the amount of sorrow wrought by the coronavirus will be all but stamped out by the time we pass 300 million vaccinations. Should we fail, the outcomes will look more or less like the past yearwith sorrow and death doled out to people who deserved shots instead.
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Whats Keeping the Vaccine From Getting to Those Who Need it Most? - The Nation
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A French report on plastic surgery in Morocco, between prejudice and superficiality – Yabiladi in English
Posted: at 11:12 am
French free-to-air television channelTF1 has chosen to focus on cosmetic surgery in a documentary that portrays Morocco as a very conservative country. Entitled Maroc, la folie du bistouri ('Morocco, the plastic surgery craze'), the report addresses the phenomenon, with a series of stereotypes and prejudices about Morocco and women in the country that opt for plastic surgery.
Petit mot spontan pr @7a8 1.Vs avez choisi le mdecin le plus sulfureux de Casa pr reprsenter la mdecine marocaine. 2. La seule contradiction mane dune journaliste et a dur une seule minute. Lavis dautres mdecins auraient t la base.
Indeed, the report introduces the Kingdom as a conservative country with Western values. The program mentioned forced marriages and polygamy in contrast with a new class of young and rich girls who want to look Instagrammable.
This youth, according to the same report, wants to stay young and is concerned about physical appearance in opposition to conservative values in Morocco.
Les nanas avec les pommettes aussi gonfles que les seins et que les fesses, c'est juste... Flippant...#septahuit
The report mentions the case of two girls who are active on Instagram and discrete about their sources of income, assuming that in the Kingdom, moral customs are ubiquitous and young people must hide to exercise their freedoms.
To the report, these young men and women find refuge in plastic surgery sometimes without the consent of their families. Some of them would, accordingly,even contract consumer loans to afford these surgeries.The report gives the floor to famous plastic surgeon Mohamed Guessous.Cameras even follow him into his operating room where he admires his work.
A spa owner in Casablanca also testifies with her face uncovered, to talk about her first cosmetic surgery 15 years ago. We are modern, but we accept veiled girls, speaking of her assistant who wears the veil.
Sarcasm and derision to mock stereotypes
With explicit images showing curves in close-ups, caricatured attitudes of those interviewed and numerous prejudices, the report has been criticized and derided on social media.Under the hashtag#septahuit, Moroccan internet users slammed the report that enhances stereotypes about Moroccans.
The report was rubbish.All I recall from watching it is talks about surgery and religion.When you have never set foot in Morocco, your opinion on the country can quickly be tainted, wrote an internet user. A horror of surgery, we have the impression of seeing mini Bogdanofs everywhere.The girls are 25-35 years old when you look at them you see 60-year-old ladies with botox.No nose, lips like Michelin tires, frog cheekbones, and horse butts,another one added.
I am blown away by this report.It will not help young people to accept themselves as they are. Anything to please others at all costs, regretted another person.
Les kim karda du Maroc ! C est pas des Ferrari dsigne, c est plus des pigeots des annes 90 tuning #septahuit
The health risks associated with a surgical operation sometimes requiring general anesthesia has also moved some Internet users. They are sick. For my part, when I have to barely do blood tests I prepare myself mentally for it all night.When I see all this butcher's material, it's madness, yet another Internet user says with worry.
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Is Soulmates the least romantic show about love ever? – British GQ
Posted: at 11:12 am
There was before the test and theres after, says a man looking directly into the camera, as tranquil spa music tells you that this is a very deep and meaningful statement. Cut to a couple running towards each other for a passionate kiss, then to more people looking at you through the screen, as they tell you how happy they are: I met my match. I cant imagine life without him. She made me feel alive again for the first time in years.
If this sounds like an advert for Match.com to you, then youre not far off. The company in this instance, however, is Soul Connex, a fictional matchmaking service that serves as the premise for Amazon Primes new series, Soulmates. Set 15 years into the future, the company has capitalised off the discovery of the soul particle, offering clients the chance to be matched with their genuine soulmate after a quick test. It soon becomes the test, seemingly all anyone can talk about, be they dinner party guests or chat show hosts. Attending weddings between people who have only known each other for a couple of weeks after being matched becomes the norm, so too does sitting down with your spouse to break the news that youre not soulmates after all, because the test said so.
Soulmatesis available to watch now on Prime Video.
Cowritten by Brett Goldstein and Will Bridges, the latter having worked on Black Mirror, the portrait of sci-fi romance that Soulmates paints is terribly bleak. An anthology series that explores different ramifications of the test in each episode, as is often the case with doom-tech concepts, the most unsettling thing about Soulmates is not the technology itself but the way it changes us as humans. Chance, whirlwind romances and close bonds forged over years of companionship are all thrown out of the window for a sense of certainty. Whether youre happily married or happily single sans test, the swaths of loved-up couples in the streets will always leave you wondering, Could I be happier?
Take Soulmates first case study, for instance, Nikki (Sarah Snook) and Franklin (Kingsley Ben-Adir). They found love in college, before the soul particle was discovered, and are now parents to young children, living a frantic but content existence. But then Nikkis brother takes the test and finds a wife, while her neighbour breaks up with her husband after discovering her soulmate is in Argentina. When did we stop being the normal ones? she asks Franklin, as a couple gush about being matched together on her futuristic, transparent iPad. Every time the test is mentioned, be it in friendly conversation or on the radio, you see the seed of doubt in her mind blossom into something bigger. At the end of the episode, Nikki picks her children up from Franklin and his soulmates new house. Is this better? he asks her when alone. The fact that the question is even on Franklins mind indicates that the answer is probably no. But its too late. The tests damage has already been done.
Thats the main takeaway from Soulmates, that any technology designed to find a persons one true love will generally do more harm than good. In one episode, a man is coerced into cheating on his partner by a catfish soulmate, making you wonder if the connections people form with their matches is genuine or merely a placebo effect. In another, a couple attempt to find a way to incorporate their soulmates into their existing relationship, experimenting with polygamy so that they can each have two cakes and eat them. Some endings are more hopeful than others, but theres a quiet sadness to each episode that tells you that things may have turned out better if that soul particle was never discovered. The excitement of romance is replaced by the mundaneness of inevitability. What if this person is the one? becomes What if this person isnt the one?
Some of the greatest love stories ever told are drenched in heartache and sorrow, but those emotions are intrinsically linked to passion, somehow persuading us that two teenagers dying for each other is the pinnacle of romance. There are no Montagues or Capulets in Soulmates. Instead, the sorrow comes from the loss of faith in falling in love naturally. Before Nikki and Franklin break up, she recalls giving birth to their first child at home, the three of them snuggled together in the aftermath, blissfully in love. Those are the moments that bond people together for the rest of their lives, whether it was written in the stars or on a birth certificate. Do you think wed still be retelling Romeo And Juliet had they double checked their soulmate status before their accidental suicide pact? Of course not. Its their determination, despite their inability to fact-check their feelings, that tugs at the heartstrings. Romance isnt dead yet, but if Soulmates is to be believed, its technology that will put the nail in the coffin. May it rest in peace, while us humans find the next thing to engineer excitement out of.
Soulmates is available to stream on Amazon Prime.
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Is Soulmates the least romantic show about love ever? - British GQ
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We cant wait to finally see Zumas ex, Laconco, on Real Housewives of Durban – All4Women
Posted: at 11:12 am
Its going to be hard for Showmax to tope the drama they served in the first episode of The Real House Wives of Durban, especially without Laconco.
After last weeks baby-daddy drama with Nonku revealing that Ayandas late husband, Sfiso Ncwane was also her daughters father, we are waiting for another baby-mama to appear and bring a unique package of drama.
Real Housewives baby mama drama: Ncwane family misses Sfisos love child
The wives have picked a side. While Nonku and Ayandas drama seemed to fizzle out into a civil conversation about a weird misunderstanding that lasted over 13 years and involved Nonkus daughter missing out on a relationship with her father.
While its clear that Neither Nonku or Ayanda is homewrecker the housewives of Durban have clearly taken Ayandas side and neglected to invite Nonku to their group workout session.The pleasant talk about where everyones husband works is all good and well, but were here for the drama and we know just who could deliver it. Nonkanyiso Conco.
Real Housewives of Durban kicks off with baby-mama DRAMA
Weve seen a reality TV show about polygamy, weve seen the wives and girlfriends of prominent mean on reality shows, but weve never seen the mother of an embattled former President on any type of reality TV show. Ever!
While Nonkanyiso shares a lot on social media there are only a handful of times shes let her guard down and gave us a window into who she is and what her life is about.Last year Nonkanyiso shared how she had made peace with raising her son alone, leading to rumours of a break up between the 25-year-old and her 78-year-old fiance.
Nonkanyiso quickly cleared up the rumours telling followers that while Jacob Zuma was a good father, he was also very busy; he has a big family and splits his attention between his wives and children.
Jacob Zuma is no stranger to baby mama drama and has recently been dragged to maintenance court by Thobeka Madiba-Zuma who has also filed for divorce.
A rumoured reality show following the polygamous Zuma family, then one centred around the youngest branch of the Zuma family with Nonkanyiso and her son have not materialised, leaving RHOD as our only window into the curious life of Nonkanyiso. And were hoping to see her sooner rather than later.
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We cant wait to finally see Zumas ex, Laconco, on Real Housewives of Durban - All4Women
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