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Monthly Archives: March 2021
Biden, Harris showing their true colors with their long-standing war on ‘drugs’ – Southgate News Herald
Posted: March 31, 2021 at 5:37 am
"Dozens of young White House staffers have been suspended, asked to resign or placed in a remote work program," The Daily Beast reports, "due to past marijuana use."
Or, rather, due to having truthfully disclosed that marijuana use when applying for their jobs. It's a felony to lie on forms like the Office of Personnel Management's "Questionnaire for National Security Positions," which asks "In the last seven (7) years, have you illegally used any drugs or controlled substances?" Presumably some applicants decided to risk the felony rap rather than out themselves. They're apparently the smart ones.
I'm not prone to pity for government employees who find themselves kicked out of Uncle Sugar's paycheck mill and into the productive sector, but the sheer idiocy of this move doesn't augur well for drug policy in general.
If you believed that Joe Biden and Kamala Harris were really going to take a different approach to the "war on drugs," and voted for them on that basis, you got conned. And you should have known better.
When it comes to marijuana in particular, every winning presidential candidate since Bill Clinton has pulled the old "Lucy tells Charlie Brown to kick the football then pulls it away" routine.
Barack Obama and Donald Trump might have fooled you, but they were elected president as, more or less, political novices, without records of actual governance to compare their campaign rhetoric to.
Biden and Harris, on the other hand, have both spent their decades in political office gleefully doing their damnedest to put users of substances they disapprove of behind bars Biden in the Senate and Harris as both a prosecutor and US Senator. Their supposed slight changes of heart on the presidential campaign trail were simple opportunism, and transparently so to anyone knew their records.
If America in general ran on the White House policy we're seeing here, U.S. unemployment would stand at (at least) 52%. That's the percentage of adults who admitted to having used marijuana at some point (and 44% of those claimed to still use it) in a 2017 Marist/Yahoo News poll.
Fortunately, America in general is way ahead of the federal government, and the Biden/Harris administration in particular, on marijuana.
Medical marijuana is legal in 39 states and DC (five more have legal CBD), while 15 states and DC have legalized recreational use (although South Dakota's governor is pushing malicious litigation to overturn the will of the voters on the subject).
The war on marijuana may not be over, but marijuana is clearly going to win it. The only question is how many more victims Joe Biden and Kamala Harris will have abducted and put in cages (or killed) before America recovers from its chronic case of reefer madness.
Thomas L. Knapp is director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism.
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CHR finds strong indication of intent to kill in Dutertes war on drugs – GMA News
Posted: at 5:36 am
A probe of deaths linked to the Duterte administrations war on drugs showed a strong indication of intent to kill on the part of the authorities, the Commission on Human Rights (CHR) said Thursday.
CHR spokesperson Atty. Jacqueline de Guia said investigations led by Commissioner Gwendolyn Pimentel-Gana had covered 451 of 3,295 killings since 2016.
She said 1,912 of these were a result of police operations and 1,382 were committed by unidentified assailants.
More than half or 55% of the cases examined so far took place in Metro Manila, Southern Tagalog, and Cebu.
In our initial findings, we have deduced that because of the presence of the multiple gunshot wounds on the body of the victims as well as the location of those wounds [that] were at the fatal parts of the body, then such has a strong indication of intent to kill, De Guia told GMA News Online.
The CHR is set to come out with its report in a month. The probe includes field investigations, interviews with surviving kin of victims and witnesses, forensic examinations, and available documents.
The independent body previously said its ongoing investigations showed the brutality of the anti-drug campaign and indicated possible abuse of strength by perpetrators.
Philippine National Police spokesman Police Brigadier General Ildebrandi Usana denied that there was a policy encouraging cops to commit violence or extrajudicial way of exercising their functions during the operations."
Low indication of 'nanlaban'
Of the 400 plus cases investigated, CHR probers also discovered that there was a huge number of lawmen in anti-drug operations, putting the victim at a "disadvantageous position."
This supposedly belied police claims that the victims "fought back [nanlaban].
"We initially found out that there is a low indication of 'nanlaban' claim because there is a presence of superiors there. Meaning to say, because of the number of operatives in each operation conducted, such would put the victim at a gross disadvantage and will be unable to fight back," said De Guia, adding that part of their report also looked into reports of police that suspects resisted arrest or fired back using a weapon.
De Guia also found that common narratives in police operations include serving search warrants and barging at the house of victims while victims were sleeping.
Based on a February report by the inter-agency task force created to review the killings, many of the weapons of drug suspects who died in police operations were not examined.
Police claimed that suspects fought back but there were no ballistic examination or paraffin tests on the cases, Department of Justice (DOJ) Secretary Menardo Guevarra said.
First step to signaling accountability
Saying that the CHR's study complements the task forces drug war review, De Guia hoped that their deeper coordination with the justice department would make sure accountability on the drug war deaths.
"We are trying to deepen our engagement with each other. That is signalled by signing a data sharing agreement with DOJ. Whereby, we hope this would signal the first of many steps into ensuring accountability with regards to the killings happening in regards of the war on drugs," De Guia said.
De Guia, meanwhile, sought the Philippine police's "openness" in the investigation. She also called on the Philippine government to have a "strong commitment" to end the drug-related killings.
Last month, the CHR said the justice department's findings on the irregularities of the drug war was a "step in the right direction."
It also said that it would coordinate with the DOJ to look into the drug-related killings.
This came after the nation's rights body lamented that the DOJ excluded CHR from its inter-agency review of drug war deaths, which reevaluated police anti-drug operations. -NB, GMA News
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Poundmaker Cree Nation declares state of emergency to fight the war on drugs – Global News
Posted: at 5:36 am
The chief of a Saskatchewan First Nation says they have no choice but to establish their own police force to fight the war on drugs.
Poundmaker Cree Nation Chief Duane Antoine said the decision was made after he said they were informed by the Cut Knife RCMP that it didnt have the authority to enforce a band council resolution (BCR).
The RCMP have a duty to protect our people and they are not doing their job, so we need to take matters into our own hands to fight the drug problem, Antoine said in a statement.
The band council declared a state of emergency to shore up its efforts in dealing with the ongoing drug situation on its reserve.
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We are taking a unified approach and zero-tolerance policy to fight drug abuse and trafficking by kicking out band members and non-band members through a band council resolution in order to protect our community, Antoine said.
He added that they have tried to work with Cut Knife RCMP to enforce the band council resolution, but to no avail.
We have to hold the federal government accountable since these BCRs have no weight for enforcement, Antoine said.
The government needs to listen and work with us, and we will do whatever it takes to have our own police force.
Antoine did not say how long it will take to establish their own force, but he said it is needed to protect the community, especially our children and elders who are suffering from this exposure to the drug scene.
He is also calling on other First Nations to declare a state of emergency and to discuss solutions in fighting the drug epidemic in their communities.
Poundmaker Cree Nation is roughly 200 kilometres northwest of Saskatoon.
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Poundmaker Cree Nation declares state of emergency to fight the war on drugs - Global News
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CA Supreme Court issues historic ruling its unconstitutional to detain people who cannot afford bail; Plus: How will Oakland spend its federal…
Posted: at 5:36 am
0:08 CA Supreme Court rules it unconstitutional to detain people who cannot afford bail
Mano Raju (@ManoRajuPD) is the San Francisco Public Defender.
Raj Jayadev is coordinator of Silicon Valley De-Bug, a community organizing, advocacy, and a multimedia storytelling organization based out of San Jos.
0:34 How will Oakland spend its stimulus funding?
Zac Unger is president of the Oakland Firefighters union, IAFF Local 55.
Chris Jackson is an organizer with the Refund Coalition and the Oakland Progressive Alliance.
0:53 Oakland teachers oppose re-opening, so some schools move re-open date to mid-April
Noni Galloway is a parent and organizer with Parent Voices Oakland.
1:08 Author interview: Johann Hari (@johannhari101) is a writer and journalist. His TED talk, Everything You Know About Addiction is Wrong, and the animation based on it have more than 20 million views. Hes the author of Lost Connections: Uncovering the Real Causes of Depression and the Unexpected Solutions, and Chasing the Scream: The First and Last Days of the War on Drugs which is the basis of this interview, with our host Brian Edwards Tiekert in 2015.
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Firms and labour markets in times of violence | VOX, CEPR Policy Portal – voxeu.org
Posted: at 5:36 am
Firms and labour markets in times of violence: Evidence from the Mexican Drug War
For the last 13 years, Mexico has been home to a violent conflict known as the Mexican Drug War (Zedillo 2016). Warring factions of criminal organisations fight for control of territories and lucrative drug trafficking routes through Mexico to the US. These groups often use ostentatious killings and heavy weapons, and increasingly target the general public through kidnappings for ransom, collateral killings, and apparently random acts of violence.
The violence is on such a scale that the Mexican Drug War ranks ahead of the wars in Iraq and Afghanistan as one of the most violent conflicts of the 21st century. To date, it has claimed more than 330,000 lives and over 50,000 missing persons.
While the gruesome substance of the conflict has been amply covered in the media, along with its context of organised crime, attention to the firm-level economic consequences of the conflict has been surprisingly sanguine.
Coverage has mainly centred around the understanding that international trade of goods with Mexico has not been substantially affected by the violence and that large international firms continue operations in Mexico undeterred (The Economist 2010). But large, internationally trading companies are not the whole economy, and in a recent paper I take a deep look at the effect that the drug war has on the Mexican manufacturing economy overall (Utar 2020).
The two policy triggers of the Drug War provide the necessary exogenous variation across Mexican cities and over time to establish a causal link between violence and firm-level outcomes:
The resulting violence did not affect cities equally (Figure 1). My study shows that within these cities violence does not affect firms and their workers equally either.
Figure 1 The rise in violence due to the Drug War is very different across cities.
Note: The number of homicide occurrences and population information are from the National Institute of Statistics and Geography (INEGI). Populations in the figure legend are the year 2010 numbers. Homicide rates are calculated using annual population figures and are annualized monthly rates of homicides.
The consequences of the conflict on the manufacturing sector are, in fact, dire. Manufacturing firms, on average, experience a significant reduction in capacity utilisation, employment, output, and productivity. The results also reveal strongly heterogonous outcomes both within firms with different types of employees and across firms with different characteristics.
To get a clearer picture, it is necessary to map out the mechanisms of how the violence acts on the economy. The results tell an interesting and compelling story.
Figure 2 Firm-level employment and wage response to violence
Note: The figure shows the estimates of the firm-level elasticities of blue- and white-collar employment (left) and wages (right) with respect to the metropolitan area leveldrug violence. Solid bar frames indicate statistical significance of the magnitudes. See Utar (2020) for details.
Manufacturing employment responds negatively to rising violence in a metropolitan area. But when focusing on different types of jobs within firms, results show stable and almost increasing white-collar employment and, in sharp contrast, a substantial decline in blue-collar jobs. The left panel of Figure 2 shows how firm-level employment responds to increased violence in the metropolitan area where a firm is located, depending on the type of employment.
Violence may induce a lower labour demand, either because of lower output demand or lower worker productivity. But the right panel of Figure 2 shows lower labour demand cannot be the only driver of employment decline. It also shows that wages move in the opposite direction: violence increases blue-collar wages and decreases white collar-wages. This pattern of employment and wage response signifies a violence-induced labour supply change.
It appears from these within-firm changes that the violence of the drug war deters blue-collar workers from working more than it deters white-collar workers. This suggests Drug War violence creates a negative labour supply shock by disproportionately taking the lowest wage workers (who are likely to live in poorer neighborhoods, most afflicted by violence) out of the labour force.
Figure 3 How employment responds to violence depends on the type of workforce
Note: Firm-level employment responses to violence depending on wage level (top) and female workforce intensity (bottom). Solid bar frames indicate statistical significance of the magnitudes. See Utar (2020) for details.
Although blue-collar production workers are among the occupations most exposed to violence, the blue-collar labour supply does not decrease due to a direct decimation of the labour force by death or emigration of workers to safer locations. Rather, the strongly heterogeneous impact of the violence across firms (Figure 3) indicates that the drug war affects blue-collar workers labour market decisions, especially those of lower-paid female workers. The figure below shows that the employment reduction in response to the local violence is much stronger in firms with lower wages and a female-intensive workforce.
These results show that firms are affected obliquely through the labour market in an interesting mechanism opposite to most other economic shocks (that hit the firms first and, by consequence, the labour market). In the case of the violence shock, results suggest that it is the other way around: the violence deters workers from working and increases the reservation wage, below which the risk of working outweighs the benefit.
When focusing on plant-level output, results show that output reductions resulting from local violence are also strongest in plants with a low-wage female workforce, confirming the heterogeneous labour market response channel. But the starkest contrast in output response is between plants operating in the local market versus exporting, importing, and geographically diversified plants.
I find that firms export revenues are not disproportionately affected by the increased violence due to the Drug War, and neither is their probability of exporting.
Figure 4 shows the plant-level output response to the metropolitan area level of violence, depending on whether plants were exporting, importing, or geographically diversified before the shock.
The figure shows that the negative output effect of the war is mostly borne on non-diversified, smaller, local firms. This makes sense; violence is a local shock, so it affects the most local firms more.
And in a reverse confirmation of the media reporting, it is the small- and mid-size, domestically trading manufacturers that are hit hard by the violence. As it is the seed and growth layer of the economy that is suppressed by the biased attrition of the violence. This effect will likely mark the Mexican economy for a long time, even once the drug war is put to an end.
Figure 4 Heterogeneous output response to violence
Note: In this figure, each bar height shows the estimate of the output elasticity with respect to drug war violence among plants with specific characteristics. Solid bar frames indicate statistical significance. See Utar (2020) for details.
In all likelihood, the understanding of the economic effects of violence derived from studying the Mexican Drug War is more broadly applicable. Many cities in developing countries suffer from violence, and drug trafficking often plays a central role. The results in Utar (2020) illustrate how labour market developments affect firms, and point to important distributional and inequality consequences of violence. As the disproportionate impact of the Mexican Drug War was borne on plants that tend to be less productive, the aggregate output implications may be limited. But, at the same time, firms start small and local, and the most productive ones grow bigger and become international. By affecting those plants that have the potential to become big and diversified, organised crime-related violence is an important obstacle in the development of domestic industrial capability.
Dell, M (2015), Trafficking Networks and the Mexican Drug War, American Economic Review 105(6): 1738-1779.
Castillo, J C, D Mejia and P Restrepo (2020), Scarcity without Leviathan: The Violent Effects of Cocaine Supply Shortages in the Mexican Drug War, The Review of Economics and Statistics 102(2): 269-286.
Utar, H (2020), Firms and Labor in Times of Violence: Evidence from the Mexican Drug War, CESIfo Working paper 7345.
The Economist (2010), Signs of life; Trade with Mexico, 26 June.
Zedillo, E (2016), Re-thinking the war on drugs: Insights from the US and Mexico, VoxEU.org, 22 April.
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Fluresh Invests In Next Generation Of Cannabis Industry With The Launch Of The ‘Fluresh Accelerator’ Program – PRNewswire
Posted: at 5:36 am
The Fluresh Accelerator collaborates with community partners, educators, and governmental agencies to create an end-to-end curriculum that will develop the next leaders in the industry. This curriculum includes focus areas such as state and local licensure, entrepreneurship, finance, cultivation and processing, retail operations, environmental sustainability, marketing and more, all aimed to give participants the arsenal to grow their own cannabis businesses upon completion of the program.
"The Fluresh team is proud to launch this unique program in the state of Michigan, whose market is experiencing incredibly rapid growth," says Tom Benson, Chief Executive Officer of Fluresh. "We're excited to be a part of this trajectory, due in part to the dedication of our nearly 200 employees operating across facilities in Grand Rapids and Adrian. That said, with this growth, comes a responsibility to the communities we operate in, and a need to take what we're learning and share it with those that wish to join our company in this competitive field."
The cannabis job market is booming, with recent reports showing that Michigan state cannabis industry jobs are growing faster than any other state with legal marijuana.[1] While this growth is exhilarating, educational opportunities and exposure to the multitude of business opportunities in, or ancillary to, cannabis are limited. Fluresh is making an investment in dynamic programming and social equity advocacy to help everyone 'Fluresh together' and conduct business in a way that better suits the communities it serves. The Fluresh Accelerator is one of these important investments.
"As licensed operators in the cannabis industry, we should be brave enough to acknowledge the history of cannabis in the country and those communities that were targeted and disproportionately affected by the War on Drugs," says Denavvia Mojet, Corporate Impact Strategist & Legal Compliance Manager at Fluresh. "To combat these inequities, cannabis companies need to lead by example and work to drive a new industry that is diverse and invested in social equity and justice. The Fluresh Accelerator serves that exact purpose."
Fluresh opened applications for the incubator program in December 2020, with eligibility open to any individual who is a legal resident of Michigan and 21 years of age or older as of January 1, 2021. Among other considerations, the company strongly considered applications that aligned with Fluresh's goal to make the cannabis industry more diverse and equitable for victims of the War on Drugs, the industry appeal, potential of business services or products, history within the cannabis industry and/or general professional experience, as well as the potential impact the applicant and its visions can have on the industry.
After careful evaluation, the inaugural 2021 class of the Fluresh Accelerator program was selected to include a diverse group of entrepreneurs, community leaders, legal professionals, caregivers, and creators, all bound by a common interest of growing their profiles within the Michigan cannabis community. More than 80 percent of the selected participants are BIPOC. The selected participants for this mentorship program are as follows:
"To be part of a mentorship program that focuses on social equity, and working with individuals seeking opportunities in the cannabis business makes me excited about the future of my business in the cannabis industry," says Fluresh Accelerator participant, Jessica Austin, owner of Creative Carvings. "With the enthusiasm of the Fluresh team and their eagerness to teach and work with us, I absolutely cannot wait to learn, thrive, and grow alongside my fellow participants."
Throughout the year, these participants will engage in the comprehensive and evolving curriculum outlined by the Fluresh team and led by industry experts and community partners. The first session took place on Feb. 26, 2021, as an introduction to the Fluresh team and an overarching orientation of what to expect throughout the program's curriculum, where the participants first met each other to kick off their journey together in the accelerator.
Upcoming sessions will continue through fall 2021. For more information about Fluresh and its Fluresh Accelerator program, please visit http://www.fluresh.com/community-impact.
About Fluresh
Fluresh is a modern cannabis company dedicated to designing premium cannabis products for the diversity of life. As your partner in cannabis, Fluresh creates thoughtfully curated and expertly cultivated cannabis products tailored to support each patient and recreational customer's dynamic needs. A licensed grower of high-quality cannabis, Fluresh is headquartered out of Grand Rapids, Mich., with its state-of-the-art grow facility and flagship retail location, as well as a second facility with integrated operations based in Adrian. To learn more about Fluresh, visitFluresh.com.
MEDIA CONTACT: Austin McClelland(e): [emailprotected](ph): 630.624.2380
[1]Leafly Jobs Report 2021
SOURCE Fluresh
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How Unity Is Helping Creators Around The World Use Technology To Imagine A Better Future – Forbes
Posted: at 5:34 am
Baba Yaga, the latest VR narrative experience from the award-winning team at Baobab Studios.
Unity is the worlds leading platform for creating and operating interactive, real-time 3D content. With this game-changing platform, creators can build 2D and 3D content for almost any device imaginable from PC and mobile phones to gaming consoles, XR platforms, and more.
I caught up with Unitys VP for Social Impact Jessica Lindl to hear more about how this ground-breaking company is innovating for social good with their Social Impact division.
Afdhel Aziz: Jessica, welcome! Please tell us a little about Unitys social impact division and how it came about?
Jessica Lindl: At Unity, we believe the world is a better place with more creators in it. This philosophy is centered around serving creators and is the beating heart of our company.
While we are best known for our roots in gaming, were seeing that our technology is also being used to drive meaningful social change from creators who are imagining our futures and re-telling our histories from more inclusive perspectives. They are propelling creativity, creating experiences that connect more deeply to our global society. Their work is critical and profound.
The recent launch of our Social Impact division, which I have the pleasure of leading, is aimed at empowering creators of all backgrounds to foster a more inclusive, sustainable world. Positive change can come from anyone, anywhere, and wed like to be a part of it.
Jessica Lindl, VP for Social Impact at Unity
Aziz: Its amazing to see how much creators have been able to harness the platform for social impact - was that a conscious effort on the part of the company?
Lindl: It certainly was, and its great to see. The Social Impact division was born from a conversation I had with Unitys CEO, John Riccitiello about a year ago, when we were seated next to each other on a long return flight. One of the things we discussed was a term John called enlightened capitalism, and the fact that Unity could do well as a company while doing good.
That concept has actually been embedded in Unitys values ever since it was founded, and Unity creators have been active in areas like education, sustainability, and health and well-being for years. The eureka moment from that flight was that we could and should do more to accelerate social change.
Unity is the worlds leading platform for creating and operating interactive, real-time 3D content.
Aziz: So cool! Please tell us about some of the projects youve been associated with that youre proudest of?
Lindl: Were very proud of our inaugural Unity for Humanity Summit, it was both the first event hosted by the Social Impact division and Unitys first ever virtual event. The response quite honestly exceeded our most optimistic expectations.
At the event, we announced the opening of the Unity for Humanity call for submissions, a program that provides technical, marketing, and monetary support for Unity creators building content for the betterment of the world. We had almost 250 submissions, with an astounding number from inclusive teams, submitting content relating to health and well-being, sustainability, economic opportunity, civil rights, and more. With so many submissions, it speaks to the power of the idea that technology can bring about real-world change, and that so many people are searching for sparks to make it happen.
Creators from more than 41 countries submitted, which gives me hope that we really are reaching a global audience, not just those in the US. And while we havent publicly announced the winners yet, I can say that Ive been blown away by the creativity, inclusivity, and impact these projects represent.
We hope that some of the Summits attendees found that kind of inspiration. From Future Aleppo founder Alex Pearson connecting with funders to continue his work to help refugees rebuild their cities, to Black Terminus creator Damien McDuffie finding like-minded people to support building Black AR monuments that can turn neighborhoods into living museums - the feedback has been incredible.
Aziz: Please tell us about some of the creators that we should keep our eyes on, doing really groundbreaking work?
Lindl: I could pick any number of projects to highlight, as the ways that creators are using Unity never cease to amaze me. One that feels especially relevant right now is The Changing Same, an immersive, episodic VR experience where the participant travels through time and space to witness the connected historical experiences of racial injustice in America. Its a respectful, haunting story infused with magical realism and Afrofuturism about the uninterrupted cycle of the 400-year history of racial terror past and present.
The Changing Same is an immersive, episodic VR experience where the participant travels through time ... [+] and space to witness the connected historical experiences of racial injustice in America.
Another experience that I really admire is Dots Home, which reminds us that for many Black and Brown Americans, there is an understanding that the U.S. land and housing system is rigged against them, and while the consequences and impact of said injustices are often explored, the choices that marginalized communities have had to make when navigating within the system have not. Dots Home is a video game that follows a young Black woman in Detroit living in her grandmothers beloved home, as she travels through time to relive key moments in her familys history where race, place, and home collide in difficult choices.
Lastly, another project I love is Baba Yaga, the latest VR narrative experience from the award-winning team at Baobab Studios. It has big-time star power involved Jennifer Hudson is the executive producer, and the voice cast includes Kate Winslet, Daisy Ridley, and Glenn Close but at its heart is a breathtaking, emotional example of inclusive storytelling that is hard to envision being told in any other way.
Aziz: Thanks for sharing! And finally, please tell us about the work youre doing with the United Nations?
Lindl: As part of our first wave of Social Impact initiatives, we announced that Unity was joining the Playing for the Planet Alliance, a group of video game companies convened by the UN Environment Programme. By joining the Alliance, member companies pledge to take action to aid the environment in a number of ways, ranging from green activations in games to reducing emissions and plastics in video game products.
As part of this alliance, our specific Unity Social Impact commitment is to elevate and celebrate the Unity experiences that are made with an eye toward a positive impact on the environment or particularly eco friendly. Not only does this align with our overall goals for the Social Impact division, but it ensures Unity is taking an active role alongside other industry leaders in tackling the climate crisis.
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How Unity Is Helping Creators Around The World Use Technology To Imagine A Better Future - Forbes
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Technology helps family stay connected to 93-year-old grandfather – NEWS10 ABC
Posted: at 5:34 am
SCHUYLERVILLE, N.Y. (NEWS10) As more people get vaccinated, some are waiting until they are fully protected from the coronavirus before having face-to-face connections with loved ones. A local mans family is praising the power of technology for helping them get through the isolation of the past 12 months.
John Grimes, who always seems to have a smile on his face, lives at home in Schuylerville. His children are in South Carolina while his granddaughter, Amy Cox, is in Pennsylvania.
In a year where no one could see each other, Johns dementia progressed, too.
Talking on the phone with him, he would seem sad, very forgetful, Amy said.
So last year, Amy got her 93-year-old grandfather an iPad.
Its the greatest thing I think weve done for him during this pandemic, Amy said.
But it was a learning process.
He cannot figure out a computer to save his life. We got him a cellphone once; he hated it.
Luckily, for John, he has a caretaker from Home Instead who visits every day.
Every family has been impacted by this, Maureen Hopkins with Home Instead said. Technology has been very helpful, especially if you have a caregiver a little younger who can help navigate brand new technology.
Companionship through the screen providing for those human connections.
One time, we were FaceTiming and showing him the house, and he was just so excited and didnt want to hang up the phone, Amy recalled.
Home Instead, which provides a variety of services for seniors at home, is now helping set up vaccine appointments as well as driving clients to the appointments.
Its only a matter of time until John, who can now use filters on his apps, to see everyone face-to-face.
I like to do screen shots because I just like to see his smile, Amy said.
Amy said they plan to see John on Easter.
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Wall Street dips, with technology the biggest drag – Reuters
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NEW YORK (Reuters) - U.S. stocks ended down slightly on Tuesday, with investors selling tech-related growth shares after U.S. Treasury yields hit a 14-month high.
At the same time, the S&P 500 financials, industrials and consumer discretionary sectors rose, extending the recent rotation out of growth and into so-called value names.
Tech shares trimmed losses in afternoon trading with Treasury yields off the days high, but the S&P technology sector ended down 1% on the day and was the biggest drag on the S&P 500. The Nasdaq was on track for its first monthly loss since November following the recent rise in yields.
Tech stocks, which have a low-rate environment heavily baked into their pricey valuations, have been among the hardest hit by the rise in yields.
Its somewhat of a leadership-less market, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. Investors preferences are flipping around here almost on a daily basis, primarily between tech plus and cyclicals.
Cyclicals have certainly had the upper hand here for a while, trading off the reopening of the economy. Tech plus holds in there because its really the promise of the future - it should provide investors with steady growth.
The 10-year U.S. Treasury yield rose to 1.776% in early London trade, its highest since Jan. 22. But the yield reversed and was lower in late New York trading as traders prepared for quarter-end.
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo
The Dow Jones Industrial Average fell 104.41 points, or 0.31%, to 33,066.96, the S&P 500 lost 12.54 points, or 0.32%, to 3,958.55 and the Nasdaq Composite dropped 14.25 points, or 0.11%, to 13,045.39.
President Joe Biden on Wednesday will unveil more details about the first stage of his infrastructure plan, which could be worth as much as $4 trillion.
A leading value index was up 0.1% while a growth index shed 0.6% in a continuation of a trend since late last year.
For the next day or two, (value stocks) will probably be leaders because we have quarter-end and institutions want to make sure that they have exposure to the names that performed well, said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York.
Bets on a swift economic rebound backed by vaccine rollouts and unprecedented stimulus have helped the S&P 500 and the Dow hit record closing highs recently.
Bank stocks rebounded as investors took heart from signs that the impact from the fall of a U.S. hedge fund did not ripple out to broader markets.
Wells Fargo & Co shares jumped 2.5% after the lender said it had a prime brokerage relationship with Archegos Capital and that it no longer had any exposure and did not experience any losses.
Advancing issues outnumbered declining ones on the NYSE by a 1.48-to-1 ratio; on Nasdaq, a 1.47-to-1 ratio favored advancers.
The S&P 500 posted 32 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 73 new lows.
Volume on U.S. exchanges was 10.29 billion shares, compared with the 13.5 billion average for the full session over the last 20 trading days.
Reporting by Caroline Valetkevitch in New York; Additional reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Maju Samuel, Matthew Lewis and David Gregorio
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‘Big Storage’ Is the Next Big Technology in the Climate Fight – Bloomberg
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Photographer: Bing Guan/Bloomberg
Photographer: Bing Guan/Bloomberg
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If the last 10 years of happy developments in solar power, wind turbines, batteriesand electric vehicleshave taught us anything, it's to plan for carbon-free technologies that are unavailabletoday. They could come tomorrow.
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Such is the case with a coterie of hopefuls that travel under the name long-duration energy storage.We can call it Big Storagethe ability to bank lots of powerfor when its needed most.
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By contrast, its Little Storagethat has earnedall the headlines in recent years. The lithium-ion batteries that power laptops, phones, and electric vehicles have also gained a foothold in the grid itself, as some utilities invest in short-term energy storage either for backup or to smooth out periods when wind turbines dont turn and solar arrays go dark. Utilities installed 987 megawatts of energy storage in 2017, surged to 3.5 gigawatts in 2020, and are projected to put in 10.2 gigawatts in 2023, according to BloombergNEF.
Lithium-ion batteries at an energy storage project in Vista, California.
Photographer: Bing Guan/Bloomberg
While Little Storage is expected to grow well beyond that, its also limited by physics and cost in the services it can provide to the power system writ large. Right now, lithium-ion battery systems can feedpower to a grid for up to about four hours. Extending capacity beyond thatbecomes too costly.
What engineers would like are Big Storagetechnologies that can supply power five to 10 times more cheaply than today's lithium-ion batteries, and can do so for much longer.How much longer is an open question. The U.S. Department of Energy research-and-development shop known asARPA-E put $28 million into 10 early technologiesback in 2018 that may lead tosystems capable of feedinga grid for anywhere from 10 hours to 100 hours. Thats obviously a very large range,as a Sandia National Laboratories policy analyst wrote in January. It's the difference between providing power on a cloudy day and covering for extreme weather that limits power generation for weeks.
Big Storage technologies are as diverse as the engineering shops that are producing them. Raytheon Technologies Corporation is working on an alternative-chemistry flow batterymade from inexpensive sulfur and manganese. Form EnergyInc., based in Massachusetts and backed by Bill Gatess Breakthrough Energy Ventures, is building yet another kind of battery that they say will be able to store 150 hours of power. Led by Mateo Jaramillo, who left Tesla Inc. as its stationary storage chief in 2017, thestartup last yearannounced a pilot project inMinnesota.
With so many possibleapproaches, from hydro systems to unconventional batteries and heat, its a dizzying moment for governments, researchers, businessesand investors to think about what to work on first.
Nestor Sepulveda, an MIT Energy Initiativepost-doctoral researcher, worked withcolleagues toscoremore than a dozen different potential technologies on cost and performance metrics having to do with storage capacity, charging and discharging. The researcherssimulated 1,280 technology scenarios and compared each with a world without Big Storage. The workbuilds on a previous study in which several of the same authors showed that the most cost-effective way to decarbonize electricity includes retaining a large-scale or firmsource of power, such as nuclear, hydroor fossil-powered plants that capture CO. Their research was just publishedin the journal Nature Energy.
What Sepulveda and his colleagues found is that Big Storage has the potential to lower electricity prices in a carbon-free grid by up to 40%. Cost savings show up fastest when nuclear plants are around to provide baseload power, owing both to their expense and relative inflexibility. It's harder for the technologies to eat into big power power plants where heating and transportation have already electrified, such as the U.S. northeast. And the biggest benefit to mature storage would come from systems that can provide more than 100 hours of power to the grid.
Many people, companiesand governments are working on this, trying to unlock the set of technologies,Sepulveda says. But no one really knows what they are going to end up looking like.
The cost of energy storagethe actual capacity of a technology to hold on to poweris the most important factor in Sepulvedas study. That was followed by discharging efficiency, or how quickly a storage device can release its energy. That result alone could be a useful guide for developers currently trying to figure out where their limited research dollars may have their greatest influence. Good discharging, the authors conclude, has twice the impact on the value of a big-storage system than good charging.
When those trade-offs show up in your development roadmap,Sepulveda says, my hope is that this work can help inform them which way to go.
Eric Rostonwrites the Climate Report newsletter about the impact of global warming.
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