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Monthly Archives: March 2021
Fort Wayne funders and nonprofits share innovations in ‘essential’ systems during COVID-19 – inputfortwayne.com
Posted: March 31, 2021 at 5:55 am
For decades, if not longer in the U.S., theres been a prevailing notion that the decision to support the essential needs of our fellow human beings is a selfless act of charity.
We stuff shoeboxes, pluck angels from trees, donate cans, and deliver heaps of clothing to nonprofits, all largely rooted in the assumption that were doing something generousfor someone else.
But as we cope with the COVID-19 pandemica virus that started literally on the other side of the world and made its way into our homes in Northeast Indianamaybe its time we reexamine how connected we truly are to our fellow human beings, in our neighborhoods, in our cities, in our country, and around the world.
The pandemic has, in many ways, given us a visceral depiction of an often invisible reality that affects our communitys health, wellness, and economic vitality on a scale far grander than many of us realize.
We are all connected.
The actionsor inactionsof a few do affect the whole.
Sometimes, the effects are not immediate. Sometimes, the effects are not direct. But the underlying impact is usually there, lying dormant until something awakens it, like generations of suppressed pain and unaddressed wrongdoing fanned into a flame by a Minneapolis mans murder.
If the life of even one person does impact the wellbeing of the whole, then are selfless acts of charity truly selfless acts? Or is the decision to help another ultimately the decision to help ourselves, too, in the long run?
Welcome to the first story in Input Fort Waynes Solutions Series, made possible by support from United Way of Allen County, the NiSource Foundation, Brightpoint, and a host of other innovators in Northeast Indiana who believe in the power of human connectedness.
This 10-part, 10-month series will be exploring how our regional community is addressing its residents essential needs that have come to light during the pandemicfrom food to housing, childcare, mental health, and more. It will be zooming into the specific challenges facing certain segments of society, with the understanding that the challenges directly impacting SOME ultimately affect us ALL.
We are all more connected than we think, regardless of age, gender, religion, race, language, or political affiliation. And when any member of our community is being held back, we all suffer the consequences, in some form.
We hope you will join us for this exploration of the human condition in Northeast Indiana, starting with the challenges our nonprofit leaders are facing themselves during this turbulent time and the innovations they're developing.
***
Prior to the COVID-19 pandemic, Turnstone Center in Fort Wayne was struggling to find sustainable ways to support its essential services and therapies for people with disabilities.
The nonprofit does not typically receive any government funding. Instead, its clients receive federal Medicare or Medicaid benefits to pay Turnstone for its services, more than of which are subsidized.
But theres a point where Medicare or Medicaid benefits are capped, and for Turnstones clientele, who frequent doctors and specialists, these caps on benefits are reached quickly.Rena Shown is Chief Development Officer for Turnstone Center.
Rena Shown, Chief Development Officer for Turnstone, points out that 66 percent of Turnstones clients are currently living 200 percent below the federal poverty line. So even on top of its subsided programs and clients federal benefits, the funding that reaches Turnstone is never enough to cover its cost of services.
Its only a small piece of the pie, Shown says.
What complicates matters is that Turnstones services for people with disabilities are not just nice to have, says Chief Marketing Technology Officer Stasha Carrasquillo. Theyre 'need to have.' If we stop providing these services to people with disabilities, they regress.
So historically, to make up for funding gaps, Turnstone has relied heavily on the generosity of Northeast Indiana donors, and donors have shown up. The nonprofit sources 60-70 percent of its annual budgetroughly $3.4-4 million dollars a yeardirectly from the Fort Wayne community in the form of grants, donations, foundation support, and corporate sponsorships.
The kicker is, even with these donations, Its just not enough, Carrasquillo says.Turnstone Center's Chief Marketing Technology Officer Stasha Carrasquillo.
Rates of givingwhile incredibly generous in Northeast Indianasimply arent keeping up with the rates of inflation in the U.S. or with the wages Turnstone needs to retain its staff of roughly 100 full-time and part-time employees. And that was all before the pandemic.
As budgets tighten, volunteers are restricted, and more organizations compete for a limited pool of relief dollars to meet Northeast Indianas essential needs, nonprofits like Turnstone, who have been paddling this lifeboat for years, are asking themselves some critical questions.
Why is the current system for meeting our communitys essential needs set up this way? How will the pandemic ultimately affect the system? And how can the system be improved?
There will always be a role philanthropy should play in caring for our fellow humans, but there are also serious funding gaps, and we cant overcome those gaps by relying on the kindness of peoples hearts, Carrasquillo says. There doesnt necessarily need to be more funding, but it needs to be structured better. It comes back to the fact that were providing services that are critical to the health of a community, literally and figuratively. And to be in a position where youre filling such a critical need and not having sustainable support from societyin whatever manner that looks likethats a really hard place to be. COVID-19 has highlighted that for us.
Sixty-six percent of Turnstones clients are currently living 200 percent below the federal poverty line.
Creating trust-based, relational models
When the COVID-19 pandemic began, it not only complicated the essential services many nonprofits provide, but also their annual fundraisers to support these services.
Thankfully, along with the support of local donors, many foundations in Fort Wayne moved quickly to create rapid response grants, allowing service providers to be nimble and direct dollars where needed.
In March 2020, the St. Joseph Community Health Foundation, AWS Foundation, and Foellinger Foundation teamed up to create Emergency Relief Rapid Response mini-grants up to $5,000 each, which they deployed at their own funding capacities.
These grants,with fewer restrictions and less reporting required by nonprofits,helped organizations like Turnstone stay afloat during COVID-19. They also gave nonprofit leaders, like Carrasquillo, hope that the future of philanthropy might be more trust-oriented, allowing nonprofits to focus on their work rather than metrics and deadlines.
We talk a lot about empowering people at Turnstone, but theres something to be said for empowering nonprofits, too, Carrasquillo says. Trust nonprofits to do what they do and do it well, and youll free up their energies to focus on that.
Ed Kominowski, President/CEO, of Foellinger Foundation, says this concept is part of a larger trend in the philanthropic community, known as trust-based philanthropy, which has been getting attention during COVID-19.
At its core, trust-based philanthropy is about redistributing the power dynamics between foundations and nonprofits, rooted in the understanding that nonprofits are often deeply embedded in the communities they serve and intimately understand their needs without extensive oversight. It also acknowledges that inequities, like racism, classism, and patriarchy, can affect grantmaking, too.
Kominowski says that since the Foellinger Foundation wascreated in 1958 by Helene Foellinger, addressing inequities and taking a highly inclusive approach to grantmaking have been quintessential to its work. While he sees a growing interest in additional trust-based practices locally, the shift can come with complications for funders, too.
Whereas fewer restrictions and less reporting on grants can create a more equitable environment, these changes can complicate the ability of foundations and donors to understand what theyre supporting and why it matters.
As a private foundation, we are stewards and accountable for resources that have been entrusted to us to meet the needs of our community, Kominowski says. At times, that can create a tension between nonprofits, feeling like theyre always having to report back to us, and us, as funders, saying, We just need to understand what youre doing with the resources being provided. There are layers of value in reporting, however. Ive actually been thanked by nonprofit partners for reporting outcomes, as its helped them better tell their story to other potential funders and steward their own donors.
Ed Kominowski, President/CEO, of Foellinger Foundation.
Although Foellinger is streamlining its data requirements attached to grants, its also leaning more heavily into its relationships with nonprofit leaders in one-on-one visits and conversations.
Rather than asking them to write a report, were trying to walk in their shoes for a bit, Kominowski says.
DawnMartz, Director of Programs, says this shift was happening at Foellinger before the pandemic, and has been expedited with the help of tools, like Zoom, which connect funders with nonprofits virtually rather than requiring time-intensive office visits.
She sees these changes reducing the amount of paperwork involved in funding and improving funding relationships with greater understanding.
There still will be grant processes, but they will be more focused on learning and building relationships, she says.
Supporting the service providers
Since the COVID-19 pandemic began in March 2020, the U.S. Congress has passed four special appropriations laws for the federal government to use in relief efforts. The largest was the more than $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes assistance for individuals, businesses, and nonprofits.
However, while an influx of government funding can help nonprofits address societys most urgent challenges in some ways, it can also create obstacles for them in the process. Because federal funding is often allocated to go directly to people in need, it doesnt always provide nonprofits with enough administrative support to effectively administer the programs and services it creates.
This became the case for some Fort Wayne area nonprofits during COVID-19.As organizations received CARES Act funding, they sometimes found themselves needing to spend dollars by artificial deadlines without the infrastructure to do it effectively and strategically.Lutheran Social Services of Indiana (LSSI) President and CEO Angie Moellering.
At Lutheran Social Services of Indiana (LSSI), President and CEO Angie Moellering says the specific and sometimes narrow limits on federal funding is one reason LSSI has been extra thankful to its local donors and foundation partners during COVID-19 who have provided her staff with a lifeline of flexible, administrative support.
Having this operational support allows us to fill funding gaps and to stay with families in ways that create continuity and longevity, she says.
Under normal conditions, LSSI walks alongside Northeast Indiana families facing economic and stability challenges, helping them develop holistic, long-term life changes with services ranging from childcare to financial literacy lessons and employment assistance.
We see ourselves as always looking at what the community needs, what gaps exist, and how we can adapt our services to better meet needs, Moellering says.
In recent years, LSSI has taken an increasingly collaborative approach to this work, connecting with other organizations in Northeast Indiana to bridge gaps in the social services sector. Since the pandemic began and more people are in need of greater assistance, Moellering says these collaborations have helped LSSI and others create continuity so they arent duplicating efforts.
Its another way they see themselves walking alongside families during this time when information is confusing, and people arent sure where to turn for what they need.
At the onset of the pandemic, Development Coordinator Gillian Frazier was busy helping clients on LSSIs website navigate a myriad of supports and resources that changed day-by-day. She spearheaded the creation of guides, like a financial stability toolkit, to answer peoples' questions about loans and other complex situations that could end up costing them in the long-run.
Moellering says the goal of LSSIs work is to move away from responding to immediate challenges and to move toward preventing problems before they start. As such, she credits her staffs ability to maintain this approach throughout the pandemic, thinking strategically under pressure and meeting an ever-evolving list of needs, while also creating as much sustainability as possible for the future.
After all, when vaccines are administered and emergency funding is spent, the challenges people face at or below the poverty level in Allen County will persistand could increase.
It takes a heavy lift by staff not only to meet peoples immediate needs, but also to do it in a way that doesnt just kick the can down the road, but makes a longer-term impact, Moellering says. Our team has been running at very fast pace.
Lutheran Social Services walks alongside Northeast Indiana families facing economic and stability challenges, helping them develop holistic, long-term life changes.
Even so, as a nonprofit leader, she is also concerned about the ability of the nonprofit sector, as a whole, to retain talent in a post-pandemic world, amidst the threat of burnout and increasing competition for highly skilled workers.
We need to continue to attract, grow, and retain those who are effective leaders and work well with families, she says.
As a result, LSSI has been investing in support for its roughly 70-person staff throughout the pandemic, turning Frazier into an amateur video producer to send staff members encouragement and skill-building tips on a regular basis.
We found videos to be a good way to stay in contact with staff and to help them feel like theyre a part of the team during this time, Frazier says.
While some of LSSIs services have been able to go virtual, much of their work, like childcare and case management, still requires high-touch, Moellering says. As a result, her team has been encouraging staff members to find safe ways to keep caring for clients and to take time off as they can for well-deserved mental health breaks.
Were telling them: Do something restorative; do something that feeds you, Moellering says.
Revealing the nature and significance of service work
Retaining talent in the nonprofit sector and generating awareness about the economic importance of this sector is a concern shared by Steve Hoffman, President and CEO of Brightpoint.Steve Hoffman, President and CEO of Brightpoint.
For years, Hoffman has witnessed local residentseven leadersundervalue the critical role that human service organizations play in the fabric of society, calling them mere charity organizations.
He believes this mischaracterization is rooted in a lack of understanding about the nature of social inequities and the extent to which Fort Waynes most vulnerable residents impact the citys overall wellbeing and economic vitality.
Its something Matthew Purkey, President & CEO of United Way of Allen County and former active duty U.S. Marine, has witnessed, too.
In the Marines, where everyone is equally given boots, the popular onus to pull yourself up by your bootstraps truly depends on each individuals personal grit and stamina to rise to the challenge. But when applied to social issues, like rising out of poverty, this same command makes the false assumption that everyone has boots to begin with, Purkey points out.Matthew Purkey is President & CEO of United Way of Allen County and a former active duty U.S. Marine.
The way he sees it, nonprofits are not trying to give out boots so everyone can be pulled up.
We are simply trying to provide an equitable arena in which everyone has the opportunity to get their own boots, Purkey says.
In the process of leveling the playing field, so individuals can thrive by their own merit, nonprofits are essentially taking on the challenges that cities other sectorsthe government, business community, school districts, and healthcare providerseither cant or wont address.
And in Northeast Indiana, the nonprofit sector is the regions third-largest industry.
Yet, despite this critical mass and challenging work, nonprofits are frequently undervalued economically, Hoffman points out.
Ive been in meetings where Ive been specifically told by leaders in our community that nonprofits like Brightpoint are not a part of economic development, he says. Its kind of shocking to hear when were a major employer, a major revenue generator, and there are a lot of people were moving toward economic self-sufficiency.
Hoffman says local residents are often surprised to learn how many clients Brightpoint serves on a daily basis via calls, texts, emails, and on-site visitsand during the pandemic, this number has grown exponentially.
People typically know that Indianas 2-1-1 service line gets a lot of phone calls, Hoffman says. We get more calls a day than 2-1-1.
With this knowledge in mind, Hoffman helped found the Alliance for Human Services even before the pandemic in 2018. The Alliance is a group of about 50 local service organizations generating economic growth and resilience in the community. They meet monthly to collaborate, offer support, and develop a united voice in Fort Wayne to educate the public about why their work is important, from an economic standpoint.
Hoffman says in his 22 years in the social service sector, hes never witnessed a challenge like the COVID-19 pandemic that area nonprofits are rallying to withstand. But hes hopeful this extreme experience will wake up residents to the essential role nonprofits play in the local economyand remind them that this role does not diminish once vaccines are administered. It just takes different forms.I want nonprofits and social service agencies to be respected, Hoffman says. I dont think people view it that way enough. They see us as do-gooders, or we help people, but people should really pick themselves up by their bootstraps, and poor people dont impact my life. Thats not the case. If we have a poverty issue in our community, thats bad for the economy; thats bad for all of usnot just bad for some families.
Going digital years ahead of schedule
While COVID-19 hasnt benefitted nonprofits in many tangible ways yet, Shown says one silver lining her team is seeing at Turnstone is finding new, socially distant and virtual ways to deliver their services, which could save them and their clients time, money, and energy in the future.
At the onset of the pandemic, Turnstone received emergency relief funding from the AWS Foundation to outfit their staff with laptops and technology to go digital essentially overnight. They also received funding for PPE and technology from United Way.
I feel like, in some ways, COVID has really brought us into the 21st century, Shown says, noting that Turnstone had planned to digitize some of its services two or three years down the road, but was able to expedite the process.
Turnstone Center is located at 3320 N. Clinton St.
Along with going virtual by necessity during the pandemic, the transition has also helped Turnstone better meet the needs of some of its clientele who have transportation challenges, scheduling challenges, gas money challenges, or simply prefer virtual environments, Carrasquillo says.
Looking to the future, she sees Turnstones new model benefitting from this highly adaptive and personalized approach.
Some clients need to be in-person, but keeping that virtual option open to them will be important in meeting them where theyre at and giving them options of how to best receive support, she says.
Its this highly personalized, hybrid method of meeting the community where theyre at that is part of a growing shift among Fort Wayne nonprofits likely to continue in the post-pandemic world.
Meeting the community where they are
As residents across Allen County prepare for vaccinations, an end to mask mandates, and the ever-promised new normal, nonprofit leaders like Melissa Rinehart, Executive Director ofWellspring Interfaith Social Services, remain largely immersed in the chaos of COVID-19.Executive Director of Wellspring Social Services Melissa Rinehart.
Wellspring serves youth and adults across Allen County with a variety of needs from food and clothing, to opportunities for educational advancement and socialization from itstwo locations at 1316 Broadway. During the pandemic, food is the most urgent essential need it is meeting.
Were still going like gangbusters, and its just getting worse, Rinehart says.
Since its founding, Wellspring has traditionally expected residents to come to them for resources, like food. But COVID-19s limitations on public gatherings have changed their highly centralized model.
Weve had to pivot, to go to the where the needs are, instead of having people come to us, Rinehart says.
Wellspring serves youth and adults alike with everything from food and clothing, to opportunities for educational advancement and socialization.
Since she became director of Wellspring in March 2019, Rinehart has been interested in mobilizing the nonprofits food pantry and clothing shop to reach more residents. As the creator of Welcoming Fort Wayne, which serves the areas immigrant community, she is acutely aware of just how much need there is in the city among people who have transportation challenges.
So over the years, shes developed community partnerships to extend the nonprofits impact. In August 2019, she led an initiative to take Wellspring's mobile food pantry to Autumn Woods Apartments, where many immigrants and refugees live.
When the pandemic began, Wellspring took this effort a step further by turning its Broadway location into a drive-through only model and doubling down on its mobile food pantry, setting up shop in multiple locations throughout the Fort Wayne area every Tuesday and Thursday.
By going mobile, weve doubled the number of people we normally serve in the last year, Rinehart says.
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Fort Wayne funders and nonprofits share innovations in 'essential' systems during COVID-19 - inputfortwayne.com
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Another sign of the COVID-19 pandemic: Our overweight pets and how to help them lose weight – austin360
Posted: at 5:55 am
A 'Thank You' letter to our pets
Every day of the year we are thankful for our furry and fishy friends for being the best pets.
Animalkind, USA TODAY
Dogs and cats of Austin, this pandemic has been hard on you, too. Your humans came home and are there all the time. Now you don't know what to do without them and are experiencing separation anxiety.
You also are spending hours of the day watching Netflix with your humans, who give you attention withsnacks multiple times a day. Often, they're giving you human food like peanut butter or high-calorie packaged snacks.
When they are hard at work in their makeshift offices, theyfeel bad that you're just hanging out looking bored or sleeping(but they don't know that when they were gonein the pre-coronavirus days, that's just what you did all day). They feel guilty, and so they give you another treat.
Now, just like your humans, you've put on someCOVID-19 pounds or ounces (depending on your size).
At your yearly doctor visit, they're going to make you get on the scale. The truth of your weight gain and all those excess treats will be unavoidable.
A conversation will take place and all those fun extra treats will need to go away.
You're not alone.
Pets during COVID-19: During pandemic, your new dog has missed out on socializing
Dr. Emily McCann of Firehouse Animal Health Center in Kyle says she's seeing a lot of cats and dogs come in with weight gain lately because of those multiple, high-calorie snacks.
Instead of using snacks as forms of attention, she says, humans should pay attention to what they are feeding their pets, how much they are feeding and what activities they are offering their pets.
Here are some recommendations for helping pets get to or maintain a healthy weight:
Pets during the pandemic: Could your pet carry coronavirus?
Dogs and cats should have an hourglass figure when humans look down at them from above; from the side, you should see a tuck up from the chest to the abdomen.
Most dogs or cats can lose a 1/4 pound to 1/2 pound a week with some modifications to their food intake and exercise.
Like humans, pets who areat a healthy weight have better heart health, life longevity and joints. Dogs also avoidthings like pancreatitis, which canplague dogs around the holidays when humans give them too much fatty food.
Posted in Human Longevity
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Late Work: From Recreation To Re-Creation – Forbes
Posted: at 5:55 am
What's next? (Sculpture from Dakar's Museum of Black Civilizations)
Michael and Linda decided back in their 40s that theyd like to work together in retirement. Clive doesnt even entertain the r word let alone the concept. Helga knows she has done her most impactful work in her 70s, after the earlier work-family juggle familiar to many women. Jonathan suddenly got laid off after decades with the same company and began accumulating a portfolio of occupations like pearls illuminating his values and wide-ranging passions. Deborah left behind the pursuit of profit and a lifetime in entrepreneurship for the pursuit of purpose, accompanying hundreds through a sageing process for later life. All are redefining how we live our third ages the September of our lives.
Increasing longevity has gifted humans with extra decades of healthy and active life. Companies and countries have not yet caught up with the consequences nor have most people. We still approach our 60s thinking about retirement, or are pushed into it by ageist employers, a phenomenon which accelerated dramatically during the covid crisis. Yet we are likely to have healthy decades yet to live. Careers are stretching from 30-year sprints to 50-year marathons, but most of us arent training for the long haul. We arent even thinking about it. A growing body of research is starting to show that inactivity is not only bad for our stretched and under-funded pension systems; turns out its bad for humans too.
While lifespans have expanded, mindsets have not kept up. Long lives require a rethink and a roadmap for transitioning gracefully through entirely new phases from millennials to perennials. Longevity will impact the young as much as the old as it redraws the very shape of what careers and lives will morph into and how to pace yourself across perhaps ten decades. The second third of life may one day be seen as the building block for the third our late work. Or what some summarise as the shift from roles to souls. At its best, this autumn season of life brings an extraordinary freedom to re(define) the narrative of lives and legacies. Yet many people experience it more as a shocking tumble into a phase of life they have not thought about and for which they are sorely unprepared.
There are a flurry of emerging concepts, from encore careers and un-retirement to the age of no retirement, but no real playbooks yet. Most of the people attending The Midlife Rethink workshops I run admit they have few role models for positive, purposeful maturity. Many of us are marked by how our own parents, some of whom were taken aback by their own, often unexpected, longevity (mis)managed it. There are many examples, and mountains of guilt, multiplied a thousandfold by the pandemic, of nightmare endings. Age has for too long been a negative. Weve internalised these messages in a strange form of collective self-harm. We all age. Too many of us still hate the idea.
The opposite is also on offer. A growing number of books present idealistic dreams of an army of wise elders who will rise up to save humanity from itself. That through mindfulness and meditation we will become mature adults, able to resist the loneliness of capitalisms care homes, reverse the breakdown of family structures, and fight inequality and climate change with grey-haired grandparents and inner serenity.
It sounds appealing, but Ive been looking for a modest middle ground. On the cusp of 60 myself, I am wondering how to design my own late work and have been interviewing people who seem to hold some part of the answer I am seeking. They are alive, engaged and vibrant. They are an inspiration, offering insights into alternative roadmaps for our collective ageing adventure. They come in all shapes, cultures and backgrounds. They share an energy I can only call joy.
There is a veritable explosion of models of how and what people do in late work. But it is generally a million miles from a model of retirement dedicated to recreation. Golf and cruises dont fill decades. And the loneliness of irrelevance can be far more brutal than we suspected when still locked in unsatisfying jobs. Here are some of the models Ive heard described (feel free to reach out with alternatives).
Avivah Wittenberg-Cox
There are obviously overlaps between them. They are offered here less to categorise than to start a conversation.
Transitioning Mechanisms
Transitioning consciously (rather than just stumbling oldwards) towards the second half of life may require taking some time to mine the first half for its lessons and treasures. You have to do the inner work the sages of all cultures, faiths and traditions advise. How, where and when people will do this is now the big question. You can find lots of financial advisors who will help you with your pension planning. Harder to find people and organisations devoted to helping you find your place and purpose in an ageist world.
They will come. Educational institutions could play a big role and are just starting to talk about what it might be. They may want to contemplate a subscription model suggests Sri Reddy, SVP Retirement and Income Solutions at Principal. You sign up in your 20s and your annual membership is geared to lifelong learning and regular re-invention (and perhaps your degree expires if you dont update it, like any professional certification). They urgently need to develop what Chip Conley calls long life learning which builds communities as much as content. He has done that with his Modern Elder Academy designing programs aimed at fostering communities of midlife peers who cultivate, harvest, and share wisdom with one another.
Companies and countries have a role to play, but Ill reserve that for future columns. They are just starting to awaken to the implications of one of the most dramatic demographic shifts in our human history. There is huge diversity and inequality in their stories. The gap in life expectancy between the well off and worst-off men in the US is an astronomical 15 years. A first major Global Report on Ageism has just been published by the World Health Organisation and a working group bringing together a cross-sectoral group of stakeholders at the World Economic Forum is focusing on Redesigning Retirement for financial wellness.
For the moment, its individuals who are moving first. A groundswell of change agents are rethinking, re-creating and re-designing late work for themselves, nudging the institutions to follow. The stories of these individual efforts are as yet little known and little told. But watch this space. Learning how to age well will become a key 21st century skill. It may also be an adventure, a calling or a revelation. Up to you.
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Late Work: From Recreation To Re-Creation - Forbes
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Good Question: How Will Spending Cryptocurrency Online Work? – CBS Pittsburgh
Posted: at 5:53 am
10 P.M. Weather ReportWe'll be well below average temperature-wise Wednesday, reports Chris Shaffer (2:51).WCCO 4 News At 10 - March 30, 2021
Good Question: How Will Spending Cryptocurrency Online Work?PayPal announced it will allow customers to use cryptocurrency, like Bitcoin, as a form of payment, reports Jeff Wagner (2:29).WCCO 4 News At 10 - March 30, 2021
Toddler's Life Hangs In Balance After 'Miracle' Drug DiscontinuedA Minnetonka family is fighting for the life of their 2-year-old daughter after the announcement that her "miracle" medicine will be discontinued, reports David Schuman (2:02).WCCO 4 News At 10 - March 30, 2021
Minnesota Winters Are 'Changing Pretty Quickly Before Our Eyes'Climate experts say winters are trending milder, and that impacts activates and businesses many Minnesotans love -- as well as things that are often unseen, reports Erin Hassanzadeh (2:45).WCCO 4 News At 10 - March 30, 2021
Derek Chauvin Trial: 6 Witnesses Give Emotional TestimonyDay two of the Derek Chauvin trial brought emotional testimony from people who witnessed George Floyd's final moments, reports Jennifer Mayerle (2:27).WCCO 4 News At 10 - March 30, 2021
6 P.M. Weather ReportWe've got at least another day of chill to endure, Chris Shaffer reports (2:30). WCCO 4 News At 6 - March 30, 2021
'Sunshine Personified': Friends, Family Remember Rock Climber Killed In FallAn experienced rock climber is being remembered today for how he lived his life, Susan-Elizabeth Littlefield reports (2:30). WCCO 4 News At 6 - March 30, 2021
Gov. Tim Walz. Former Gov. Tim Pawlenty Get COVID Vaccine In Bipartisan Show Of ForceTheir joint effort comes on the day anyone 16 or older in Minnesota is eligible for the vaccine, Caroline Cummings reports (1:44). WCCO 4 News At 6 - March 30, 2021
Community Leaders, Minneapolis Police Union Meet To Discuss Safety Of City ResidentsA meeting between community members and the Minneapolis Police Union is an effort to create a new beginning, Reg Chapman reports (1:52). WCCO 4 News At 6 - March 30, 2021
On Day 2 Of Testimony In Derek Chauvin Trial, Mpls. Firefighter TestifieToday, the jury heard from a Minneapolis firefighter who tried to intervene during the fatal encounter between Chauvin and George Floyd, Esme Murphy reports (2:57). WCCO 4 News At 6 - March 30, 2021
5 P.M. Weather ReportChris Shaffer reports, its over 30 degrees colder than it was on Monday, but temperatures are still going to warm (2:49) WCCO 4 News At 5 - March 30, 2021
Boys Hockey Players File Lawsuit Against Minnesota State High School LeagueA judge has ruled against nine Hill-Murray seniors who sued the Minnesota State High School League, Kate Raddatz reports (2:12) WCCO 4 News At 5 - March 30, 2021
Fridley Girl, 10, Missing And Believed To Be Driving Car Taken From HomePolice in Fridley are looking for Ava Whitfield, who they say took a black Chevy Equinox from her home on Tuesday morning (00:24) WCCO 4 News At 5 - March 30, 2021
Derek Chauvin Trial: Key Testimony From Those Who Witnessed George Floyds Final MomentsEsme Murphy reports, Darnella Frazier, the young woman who recorded the viral video of the deadly arrest, was among those who took the stand on Tuesday (2:56) WCCO 4 News At 5 - March 30, 2021
Fridley Girl, 10, Missing And Believed To Be Driving Car Taken From HomeThe Minnesota Bureau of Criminal Apprehension is seeking a 10-year-old Fridley girl who went missing Tuesday, and is believed to be driving a vehicle taken from her home. Katie Johnston reports.
Noon Weather ReportWe're looking at the possibility of a very warm Easter Sunday, Lisa Meadows reports (3:02). WCCO 4 News At Noon - March 30, 2021
Erupting Icelandic Volcano Draws SpectatorsThousands are hiking to the site of a spectacular volcanic eruption in Iceland to get a close-up glimpse of the rare sight, Ian Lee reports (1:55). WCCO 4 News At Noon - March 30, 2021
Darnella Frazier, Who Took Facebook Video, Testifies In Chauvin TrialHer testimony is audio only, as she was a minor last summer and is one of four young witnesses who judge Cahill wanted to make more comfortable, Christiane Cordero reports (4:47). WCCO 4 News At Noon - March 30, 2021
Fun Ways To Celebrate Easter, In Person Or VirtuallyJasmine Stringer shares some tips and suggestions (4:25). WCCO Mid-Morning - March 30, 2021
Levi LaVallee Talks With WCCO About Daring JumpsMinnesota Native and Red Bull professional snowmobile rider Levi LaVallee took to the skies of downtown Duluth for a series of stunts and jumps through the citys streets and harbors (3:24). WCCO Mid-Morning - March 30, 2021
Advice On Catching Up On Your Retirement GoalsDustin Smith from Wealth Enhancement Group shares some tips (3:10). WCCO Mid-Morning - March 30, 2021
9 A.M. Weather ReportEaster weekend is looking significantly warmer than the middle of this week, Riley O'Connor reports (3:09). WCCO Mid-Morning - March 30, 2021
Unresolved Arguments Could Be Shortening Your LifetimeNew research by Oregon State University shows you should wrap up arguments if you want to live a longer, healthier life (3:12). WCCO Mid-Morning - March 30, 2021
Study Reveals Encouraging Real-World Outcomes For COVID VaccinesThe Moderna and Pfizer vaccines are 90% effective in preventing asymptomatic infections according to study results (2:42). WCCO Mid-Morning - March 30, 2021
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Good Question: How Will Spending Cryptocurrency Online Work? - CBS Pittsburgh
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US Government Sees Cryptocurrency Spring Fever as Great Time to Auction Bitcoin – Yahoo Finance
Posted: at 5:53 am
Bloomberg
(Bloomberg) -- From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the worlds greatest fortunes.Even on Wall Street, few ever noticed him -- until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time -- a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.Hwangs most recent ascent can be pieced together from stocks dumped by banks in recent days -- ViacomCBS Inc., Discovery Inc. GSX Techedu Inc., Baidu Inc. -- all of which had soared this year, sometimes confounding traders who couldnt fathom why.One part of Hwangs portfolio, which has been traded in blocks since Friday by Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co., was worth almost $40 billion last week. Bankers reckon that Archegoss net capital -- essentially Hwangs wealth -- had reached north of $10 billion. And as disposals keep emerging, estimates of his firms total positions keep climbing: tens of billions, $50 billion, even more than $100 billion.It evaporated in mere days.Ive never seen anything like this -- how quiet it was, how concentrated, and how fast it disappeared, said Mike Novogratz, a career macro investor and former partner at Goldman Sachs whos been trading since 1994. This has to be one of the single greatest losses of personal wealth in history.Late Monday in New York, Archegos broke days of silence on the episode.This is a challenging time for the family office of Archegos Capital Management, our partners and employees, Karen Kessler, a spokesperson for the firm, said in an emailed statement. All plans are being discussed as Mr. Hwang and the team determine the best path forward.The cascade of trading losses has reverberated from New York to Zurich to Tokyo and beyond, and leaves myriad unanswered questions, including the big one: How could someone take such big risks, facilitated by so many banks, under the noses of regulators the world over?One part of the answer is that Hwang set up as a family office with limited oversight and then employed financial derivatives to amass big stakes in companies without ever having to disclose them. Another part is that global banks embraced him as a lucrative customer, despite a record of insider trading and attempted market manipulation that drove him out of the hedge fund business a decade ago.A disciple of hedge-fund legend Julian Robertson, Sung Kook Bill Hwang shuttered Tiger Asia Management and Tiger Asia Partners after settling an SEC civil lawsuit in 2012 accusing them of insider trading and manipulating Chinese banks stocks. Hwang and the firms paid $44 million, and he agreed to be barred from the investment advisory industry.He soon opened Archegos -- Greek for one who leads the way -- and structured it as a family office.Family offices that exclusively manage one fortune are generally exempt from registering as investment advisers with the U.S. Securities and Exchange Commission. So they dont have to disclose their owners, executives or how much they manage -- rules designed to protect outsiders who invest in a fund. That approach makes sense for small family offices, but if they swell to the size of a hedge fund whale they can still pose risks, this time to outsiders in the broader market.This does raise questions about the regulation of family offices once again, said Tyler Gellasch, a former SEC aide who now runs the Healthy Markets trade group. The question is if its just friends and family why do we care? The answer is that they can have significant market impacts, and the SECs regulatory regime even after Dodd-Frank doesnt clearly reflect that.Valuable CustomerArchegos established trading partnerships with firms including Nomura Holdings Inc., Morgan Stanley, Deutsche Bank AG and Credit Suisse Group AG. For a time after the SEC case, Goldman refused to do business with him on compliance grounds, but relented as rivals profited by meeting his needs.The full picture of his holdings is still emerging, and its not clear what positions derailed, or what hedges he had set up.One reason is that Hwang never filed a 13F report of his holdings, which every investment manager holding more than $100 million in U.S. equities must fill out at the end of each quarter. Thats because he appears to have structured his trades using total return swaps, essentially putting the positions on the banks balance sheets. Swaps also enable investors to add a lot of leverage to a portfolio.Morgan Stanley and Goldman Sachs, for instance, are listed as the largest holders of GSX Techedu, a Chinese online tutoring company thats been repeatedly targeted by short sellers. Banks may own shares for a variety of reasons that include hedging swap exposures from trades with their customers.Unhappy InvestorsGoldman increased its position 54% in January, according to regulatory filings. Overall, banks reported holding at least 68% of GSXs outstanding shares, according to a Bloomberg analysis of filings. Banks held at least 40% of IQIYI Inc, a Chinese video entertainment company, and 29% of ViacomCBS -- all of which Archegos had bet on big.Im sure there are a number of really unhappy investors who have bought those names over the last couple of weeks, and now regret it, Doug Cifu, chief executive officer of electronic-trading firm Virtu Financial Inc., said Monday in an interview on Bloomberg TV. He predicted regulators will examine whether there should be more transparency and disclosure by a family office.Without the need to market his fund to external investors, Hwangs strategies and performance remained secret from the outside world. Even as his fortune swelled, the 50-something kept a low profile. Despite once working for Robertsons Tiger Management, he wasnt well-known on Wall Street or in New York social circles.Hwang is a trustee of the Fuller Theology Seminary, and co-founder of the Grace and Mercy Foundation, whose mission is to serve the poor and oppressed. The foundation had assets approaching $500 million at the end of 2018, according to its latest filing.Its not all about the money, you know, he said in a rare interview with a Fuller Institute executive in 2018, in which he spoke about his calling as an investor and his Christian faith. Its about the long term, and God certainly has a long-term view.His extraordinary run of fortune turned early last week as ViacomCBS Inc. announced a secondary offering of its shares. Its stock price plunged 9% the next day.The value of other securities believed to be in Archegos portfolio based on the positions that were block traded followed.By Thursdays close, the value of the portfolio fell 27% -- more than enough to wipe out the equity of an investor who market participants estimate was six to eight times levered.Its also hurt some of the banks that served Hwang. Nomura and Credit Suisse warned of significant losses in the wake of the selloff and Mitsubishi UFJ Financial Group Inc. has flagged a potential $300 million loss.You have to wonder who else is out there with one of these invisible fortunes, said Novogratz. The psychology of all that leverage with no risk management, its almost nihilism.(Updates with latest bank to detail exposure in penultimate paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2021 Bloomberg L.P.
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US Government Sees Cryptocurrency Spring Fever as Great Time to Auction Bitcoin - Yahoo Finance
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Concerns mount over cryptocurrency guidelines – The Globe and Mail
Posted: at 5:53 am
In the United States, the SEC does not regulate platforms such as Coinbase primarily because digital currencies are not considered a security.
Reuters
Cryptocurrency industry participants are warning that recent guidelines imposed by Canadian securities regulators on crypto-trading platforms could lead foreign-based platforms to block Canadian users rather than comply with the regulations.
Foreign crypto-exchange giants such as Coinbase Inc., Binance and Gemini are popular in Canada because they offer a wide range of assets and generally more favourable buy and sell rates.
On Monday, the Canadian Securities Administration an umbrella group of all 13 provincial and territorial securities regulators released guidelines compelling all crypto-trading platforms, including non-Canadian ones, to register with the relevant authorities and bring their operations into compliance.
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It is reasonable and likely to expect that many of the big foreign platforms will not want to comply to Canadian securities legislation and will instead shut off access to Canadian investors, said Brian Mosoff, chief executive officer of Toronto-based Ether Capital Corp.
Mr. Mosoff, who is also a member of the Investment Industry Regulatory Organization of Canada (IIROC)s crypto-asset working group, said large foreign platforms can benefit local investors because they tend to be technically superior and offer exposure to a variety of innovative assets.
It is possible in the near term Canadians will be cut off from these platforms if they feel that there is no benefit to undertake the expense and time to comply with Canadian regulators.
The Globe and Mail asked several popular foreign crypto platforms that offer services in Canada, including Coinbase, Binance, FTX Exchange and Gemini, if they had begun registering with Canadian regulators or intended to. Only Coinbase responded, saying it does not have anything to share on the topic right now, but might have more to discuss in the future.
Jonathan Ip, a lawyer whose clients are predominantly blockchain and cryptocurrency companies, said Canadian investors could be left with fewer choices. The offshore platforms might say, Okay, thats nice that you have these new regulations and all, but Canada is a small market for us, so well just pack up and leave altogether, he said.
As part of the new regulation, platforms that facilitate trading in security tokens or contracts involving crypto assets will have to register to become investment dealers and eventually, members of IIROC. The deadline to get in touch with regulatory authorities about being regulated is April 19, 2021.
Most of these platforms are currently required only to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a government agency responsible for tracking and policing money laundering and terrorist financing.
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In the United States, the Securities and Exchange Commission (SEC) does not regulate platforms such as Coinbase primarily because digital currencies are not considered a security.
We dont want to see our competitors shut down, but of course we do have the platform capacity to take on additional accounts if foreign platforms decide to exit, said Stacey Hoisak, the recently appointed CEO and general counsel of Coinsquare, a Toronto-based trading platform for digital assets.
The company and its former executives were fined $1.9-million by the OSC last July after admitting to market manipulation and retaliating against an internal whistle-blower. Regulators forced Coinsquare to register with the OSC and IIROC.
It is a costly process and time-consuming. But we are really happy to work with regulators and engage in a more collaborative process in regulating the industry, Ms. Hoisak added.
Justin Hartzman, co-founder and CEO of Toronto-based crypto exchange CoinSmart, agreed it was possible offshore exchanges will leave Canada if the cost of regulation is deemed too high relative to the market opportunity, but added that this would be a good thing for his company.
Other Canadian crypto-trading platforms also appeared to welcome the new regulatory guidance.
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Registration does add certain significant costs in terms of registration and legal fees to complete the IIROC application process and become registered but we believe that the guidance released by the CSA yesterday is helpful as it provides further clarity around operating in our industry that we have been seeking, said Pamela Draper, the CEO of Bitvo Inc., a Calgary-based cryptocurrency exchange.
Mr. Mosoff said the new guidelines, while necessary to protect investors, are perhaps not entirely appropriate for the cryptocurrency industry. I feel sorry for everyone the regulators who are trying to understand this, the investors trying to get involved in an entirely new asset class and the platforms that are trying to be cutting-edge.
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Concerns mount over cryptocurrency guidelines - The Globe and Mail
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Nordavind partners with cryptocurrency firm NBX – Esports Insider
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Norwegian esports organisation Nordavind has announced a commercial partnership with cryptocurrency company Norwegian Block Exchange (NBX).
According to the release, NBX and Nordavind will look to introduce cryptocurrency-focused bonus and loyalty programmes for players, payment portals and tournaments that provide opportunities for participants and spectators.
RELATED: Nordavind establishes partnership with SteelSeries
Steffen Willumsen, Nordavinds Commercial Director, commented: Nordavind and NBX are two brands born in the digital world, which makes us a natural fit. Both cryptocurrency and e-sports are ground-breaking in their respective segments, and also share much of the same target area. We are proud to work with such a solid company as NBX, and we are eager to see what we can achieve together in the time to come.
The integration of cryptocurrency in esports has been a growing topic within the industry, particularly as organisations look to capitalise on the digital asset through the use of NFTs (Non-Fungible Tokens) or blockchain platforms.In addition to the bonus and loyalty programmes, Nordavind will also integrate NBXs branding across its social content and clothing. In addition, both entities will collaborate on digital and physical tournament activations, such as hosting events for its community across multiple esports titles.
RELATED: Simplicity Esports to offer limited edition NFTs to esports centre members
Stig Aleksander Kjos Mathisen, CEO of Norwegian Block Exchange, commented: This was a no-brainer, it was just a question of time. Cryptocurrency is here to stay, and young people will play a major role in the next wave of adoption, with both payment mechanisms and investment opportunities. Esports and cryptocurrency are experiencing exponential growth, attracting audiences beyond just young people.
We are very pleased that we have now entered into a partnership with Nordavind, where several of the players already are familiar with NBX. Therefore the timing is perfect for reaching out to each other and together create meaningful interactions for everyone who is interested in e-sports and the money of the future.
Nordavind is not the only esports organisation to announce a cryptocurrency partnership this week. Yesterday, Simplicity Esports and Gaming Company announced a collaboration with Project Token and the University of Central Florida Blockchain Innovation Lab to sell limited edition NFTs to members of its gaming centres.
Esports Insider says: This is a huge partnership between two emerging industries, cryptocurrency and esports. It seems like the deal will boost crypto possibilities throughout the organisation, which could prove to be a valuable move. Moreover, NBXs brand will be heavily present across Nordavinds branding, which increases its reach in esports.
ESI Digital Spring | 30-31st March
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A Holy God in Angry Sinners’ Hands | Columns | capemaycountyherald.com – Cape May County Herald
Posted: at 5:52 am
We live in a tumultuous time. How did we get here?
There are several reasons that, I believe, have contributed to such division and utter confusion.
Because we have access to so much information through the internet, we have become a world filled with conflicting perspectives.
Never has there been so many mediums and outlets in which every voice is given an audience on the world stage. It is draining, and yet outlets shouldnt drain, they should empower and ground.
In short, most mainstream mediums are under the influence of the prince of the power of the air (Ephesians 2:2). All roads lead back to his playbook of lies.
If the information you are being told or the position you are taking is also supported by the Marxist mainstream media, big tech oligarchy, godless Hollywood, secular Academia, and a political platform that reflects the reprobate minds of Romans 1, I can assure you that you are not on the righteous side of things, "and have no fellowship with the unfruitful works of darkness, but rather expose them. (Ephesians 5:11)
Because we, as fallen man, choose to do what is right in our eyes.
We live under the influence of the spirit of relativism that has produced a land saturated by paganism. If absolute truth doesn't exist, each person becomes their standard, setting their own course. Speak your truth. Its my truth. There isn't a my truth or your truth being relative to the culture; there is just Gods truth, which makes all men liars.
Notice how the Bible, which has stood the test of time and trial, is continually accused of being outdated and made out to be the liar. Oh, that old book, its not relative to our times. Its archaic and has contradicting lines. It doesnt contradict itself, it contradicts man, and since we do not learn lessons from history, we are destined to repeat such atrocities.
It starts with a total denial of absolute truth and evolves to man becoming a law unto himself. Then, in the name of progressivism - harnessed by relativism - we get full throttle hedonism.
The aforementioned reasons pale in comparison to the next form of treason.However, though I am presenting these reasons separately, they are inseparable.
Jesus came to save sinners, for all have sinned and fallen short of God's glory, also called His righteous standard. Also, as sinners without Christ, we are rightfully in the hands of an angry God. Why? Because the wages of sinisdeath, and if we are being spiritually honest, we all deserve eternal separation from God and damnation.
That, however, is not the nation's current notion, nor is it the atmosphere of many church congregations.
Sadly, the American church is as complicit, primarily from Christians being biblically illiterate, but also from pulpits failing to preach the true Gospel because theyd rather make church about the comfort of the people. Due to such complacent and complicit postures, we dont act like sinners in the hands of an angry God. Ours is a land that audaciously places a holy God in angry sinners' hands.
This rebellion explains the arrogance of rejecting divine order and removing God from the public square. Parallel that blatant rejection with the fact that the celebration of sin has replaced the confession of sin.
Man is not satisfied with his depravity; he wants to make his moral schism part of societys rhythm. In other words, man left to his own devices and decisions is not only deviant, but he attempts to make what is deviant, tolerant (Romans 1:28, 32).
These reasons, and more, have contributed to our nations condition, where we are no longer one nation under God, indivisible, with liberty and justice for al. We have become one nation under fog, divisible, with tyranny and social justice for some.
This fog of deception seems to have blinded many minds. Its not that we have different views on politics or ways to accomplish justice, even though it seems that way. Its about having a skewed view of God.
A small minority of Christians (in America) hold to a biblical worldview; a view that uses the Bible as the lens of its chief end.
Woe to those who call evil good and good evil; Who put darkness for light, and light for darkness; Who put bitter for sweet, and sweet for bitter. (Isaiah 5:20)
Buckle up, true followers of Jesus, because although Babylon seems to be closing in around us, God never leaves Himself without a witness, and we can stand firm against the godless pressure because we are firmly standing in Gods power.
ED. NOTE: Maher is the teaching pastor at Coastal Christian Ocean City and president SoldiersForFaith Ministries. Social media and website: @TruthOverTrend
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A Holy God in Angry Sinners' Hands | Columns | capemaycountyherald.com - Cape May County Herald
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Leader: The pandemic year – New Statesman
Posted: at 5:52 am
A year ago in March, as the Covid-19 pandemic spread across Europe with lethal speed, we warned that the continent was facing its gravest crisis since the Second World War. The experience of the ensuing 12 months has only confirmed this judgement.
In the United Kingdom, where Patrick Vallance, the chief scientific adviser, remarked last March that limiting British deaths to 20,000 or fewer would be a good outcome, more than 126,000 people have died from Covid. The economy suffered its worst recession in 300 years. And the first national lockdown was followed by two more, imposed by the government in a haphazard and chaotic manner.
Yet even at the pandemics outset, there was cause for hope. On 30 January 2020, at a meeting of Oxford Universitys life scientists, Professor Sarah Gilbert informed her colleagues of a remarkable discovery: her team had already devised a likely vaccine for Covid-19. True to her word, a vaccine was developed by Oxford and AstraZeneca, at record-breaking speed, and authorised by the Medicines and Healthcare products Regulatory Agency less than a year later.
The rapid roll-out of the vaccine more than 28 million UK adults have had their first dose has provided Britain with what it previously lacked: a more certain route out of lockdown. Daily reported Covid-19 deaths have fallen from a peak of 1,820 on 20 January to 112 (23 March). The number of patients in hospital has fallen from 39,248 on 18 January to 5,461 (21 March).
[see also:The Covid reset]
But mindful of its recent hubris, the government has proceeded with caution, insisting that it will be guided by data, not dates. It has been wise to do so. As our medical editor Phil Whitaker writes on page 33, the threat of vaccine-resistant strains of the virus remains: The presence of large numbers of vaccinated individuals while infection rates remain high is a potentially disastrous combination, creating the evolutionary conditions for vaccine-escape mutations.
Yet even if the vaccine programme allows a facade of normality to return, the pandemic will leave lasting social, economic, cultural and psychological scars. The human suffering inflicted by Covid-19 lies not only in the deaths and illness it caused. It lies in the rise in avoidable deaths from heart attacks, strokes and cancer that followed the first national lockdown and the suspension of our lives. It lies in the rise in mental health issues and loneliness as many people were deprived of traditional networks of support. And it lies in the lost potential of children forced to remain absent from school for much of the past year.
The pandemic has served as an X-ray of society: it has exposed both the UKs strengths and its weaknesses. Britain led the world in vaccine research and more than 700,000 people volunteered for the NHS after the government appealedfor support early in the crisis. But it also recorded one of the worlds highest death rates as Covid-19 interacted with pre-existing medical and social ills to lethal effect. After a decade of austerity, the pandemic has shown the need for a more resilient state and a more protective social security system. Covid is but one of the existential threats that haunt this century, such as environmental breakdown and antimicrobial resistance.
In the months and years that follow, there will be an understandable temptation to forget the horrors of the pandemic (as was true of the 1918-20 Spanish flu). Should the economy recover as rapidly as forecast (the Office for Budget Responsibility predicts growth of 7.3 per cent in 2022), we can expect much talk of the Roaring Twenties and a new age of hedonism. But preferable to hedonism is humility and a determined sense to live better and to learn from our mistakes.
Too often in the recent past, shocks such as the rapid deindustrialisation of the 1980s and the 2008 financial crisis have been followed by large parts of the country being consigned to stagnation or decline. This time must be different. Even if Covid-19 is eventually defeated, it will take far longer to remedy the vulnerabilities it has exposed.
[see also:The anxiety epidemic]
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THUGWIDOW and Bruised Skies pay tribute to south London raves – FACT
Posted: at 5:52 am
Taken from the duos debut collaborative release, the exquisitely titled Requiem For A Sesh.
Ambient jungle iconoclast THUGWIDOW has joined forces with sound design extraordinaire Bruised Skies for Requiem For A Sesh, their spectacularly titled debut collaborative project and a starry-eyed ode to the session. Melding THUGWIDOWs elegant jungle variations with Bruised Skies penchant for intricate sound design and immersive ambience, Requiem For A Sesh unwinds like a fever dream at an after party, approximating the sounds you might hear in your head as you finally attempt to sleep after a particularly heavy night.
The duo describe the EPs closer, Thrashing, Scared, Alone, as a love letter to 90s rave culture that we were too young to be a part of, including the track as a digital-only conclusion to the release. Razor-sharp breaks, gut-wrenching bass and pupil-dilating synth lines redefine rave nostalgia for claustrophobic London basements and sweaty smoking area euphoria. At once evocative and hauntological, Thrashing, Scared, Alone conjures a world in which the devoted hedonism of 90s ravers is reconfigured as a strategy for moving through the psychic pressure of a city in lockdown.
The tracks video is a tribute to the parties both producers would attend during their time spent living in south London, capturing both the frenetic energy of an intimate dance floor and the surreal perspectives of a post-rave landscape, contrasting stroboscopic footage of ecstatic dancers with the all too familiar grey light of dawn illuminating the green fields, electricity pylons, industrial chimneys and railway arches, images that are inextricably linked to the DNA of the UK rave scene.
Thrashing, Scared, Alone is taken from Requiem For A Sesh, which is out now on Astral Black. For more information about THUGWIDOW you can check out his SoundCloud and follow him on Instagram. For more information about Bruised Skies, you can check out his SoundCloud and follow him on Instagram.
Credits: Directors Karo Rutkowska & Ezekiel Typography Taavi Kelle
Watch next: Eomac & Sal Stapleton conclude audiovisual dance triptych with Trinity
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THUGWIDOW and Bruised Skies pay tribute to south London raves - FACT
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