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Daily Archives: June 4, 2021
Auburn National Bancorporation’s (NASDAQ:AUBN) Dividend Will Be US$0.26 – Yahoo Finance
Posted: June 4, 2021 at 4:04 pm
The board of Auburn National Bancorporation, Inc. (NASDAQ:AUBN) has announced that it will pay a dividend of US$0.26 per share on the 25th of June. Based on this payment, the dividend yield on the company's stock will be 2.7%, which is an attractive boost to shareholder returns.
Check out our latest analysis for Auburn National Bancorporation
While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, Auburn National Bancorporation was earning enough to cover the dividend, but it wasn't generating any free cash flows. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure.
Unless the company can turn things around, EPS could fall by 0.9% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 50%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.
historic-dividend
Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2011, the first annual payment was US$0.78, compared to the most recent full-year payment of US$1.04. This implies that the company grew its distributions at a yearly rate of about 2.9% over that duration. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer.
The company's investors will be pleased to have been receiving dividend income for some time. Let's not jump to conclusions as things might not be as good as they appear on the surface. Although it's important to note that Auburn National Bancorporation's earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time.
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In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Auburn National Bancorporation's payments, as there could be some issues with sustaining them into the future. While the low payout ratio is redeeming feature, this is offset by the minimal cash to cover the payments. Overall, we don't think this company has the makings of a good income stock.
Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. See if management have their own wealth at stake, by checking insider shareholdings in Auburn National Bancorporation stock. We have also put together a list of global stocks with a solid dividend.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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AerCap Holdings (NYSE:AER) Shareholders Booked A 53% Gain In The Last Year – Yahoo Finance
Posted: at 4:04 pm
Passive investing in index funds can generate returns that roughly match the overall market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the AerCap Holdings N.V. (NYSE:AER) share price is 53% higher than it was a year ago, much better than the market return of around 39% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! The longer term returns have not been as good, with the stock price only 4.3% higher than it was three years ago.
Check out our latest analysis for AerCap Holdings
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Over the last twelve months AerCap Holdings went from profitable to unprofitable. While some may see this as temporary, we're a skeptical bunch, and so we're a little surprised to see the share price go up. We might get a clue to explain the share price move by looking to other metrics.
AerCap Holdings' revenue actually dropped 12% over last year. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
earnings-and-revenue-growth
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
We're pleased to report that AerCap Holdings shareholders have received a total shareholder return of 53% over one year. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - AerCap Holdings has 1 warning sign we think you should be aware of.
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For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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Biden may hit July 4 vaccine goal, but millions of unvaccinated Americans will keep COVID alive this summer – Yahoo News
Posted: at 4:04 pm
Theres a real chance America could reach President Bidens ambitious goal of giving 70 percent of U.S. adults at least one COVID-19 vaccine shot by July 4, according to the latest data.
Yet Bidens top COVID adviser, Dr. Anthony Fauci, just spent the holiday weekend warning Americans not to declare victory prematurely because we still have a ways to go.
To see how both of these things can be true at the same time, pay attention to whats happening right now in Mesa County, Colo., and northern Missouri.
At a national level, Americas COVID-19 prognosis is the best its been since the crisis began. Over the last two weeks, cases have fallen 45 percent, on average, to the lowest level since March 2020. Hospitalizations are down 22 percent over the same period; deaths are down 44 percent. And because of mass vaccination, these national trends show no sign of stopping.
Its now entirely possible, in fact, that 70 percent of U.S. adults could be at least partially vaccinated by Independence Day, a target Biden set on May 4, when 56 percent of U.S. adults had received at least one jab. In less than a month, that number has climbed 7 points to 63 percent; to climb another 7 points over the next month would require about 550,000 adults to get their first shot each day. Before Memorial Day, the U.S. was averaging more than 700,000 of these first shots each day, and the vast majority of them were still going to Americans 18 and older.
President Biden speaks about the COVID-19 response and vaccination program on May 12. (Kevin Lamarque/Reuters)
Yet theres also a flip side to all the good news. Even if 70 percent of U.S. adults are partially vaccinated by July 4, that would still leave 30 percent of them unvaccinated and few are likely to change their minds anytime soon. According to a new Kaiser Family Foundation survey, just 8 percent of unvaccinated adults say they want a shot as soon as possible or that they plan to get one within the next three months. Meanwhile, no one under 12 will be eligible before September, and hesitancy is higher among parents of younger children than among adults.
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In short, well over 40 percent of the total population upwards of 140 million Americans, including children will likely remain unvaccinated this summer. And there will be more unvaccinated people in some places than others.
When Fauci cautions against prematurely declaring victory and insists we still have a ways to go, that's what he means.
But what will America look like when the emergency ends and COVID is still circulating?
That question will define the next phase of the U.S. pandemic. The last statewide mask mandates will soon be gone. Business will be fully open. Life will largely return to normal. Yet certain communities will remain vulnerable to COVID, in large part because they have chosen to remain that way.
Unfortunately these groups of people who are anti-vax or who will end up being susceptible to the disease are going to be in pockets, Tara Kirk Sell, a senior scholar at the Johns Hopkins Center for Health Security, recently told the Guardian. Its not going to be evenly distributed through the population.
A mass vaccination site in Kansas City, Mo., in March. (Orlin Wagner/AP)
Which brings us back to Mesa County, Colo., and northern Missouri.
Nationally, the U.S. is averaging five new daily cases per every 100,000 residents. But two rural counties in northern Missouri Livingston and Linn were logging new daily cases at more than 25 times that rate before Memorial Day interrupted reporting. Over the last two weeks, COVID-19 cases have skyrocketed. More than 18 percent of tests are coming back positive (compared with 2 percent nationally). Hospitalizations are rising as well.
According to local authorities, the problem is threefold. Neither Linn nor Livingston was hit hard by previous waves of COVID, meaning that cases are now higher than ever and natural immunity is relatively low. Just 30 percent of the population, meanwhile, has been fully vaccinated 11 points below the national average. And everythings wide open in terms of restrictions, as one public-health official recently told the Missouri Independent.
With graduation we had schools that took senior trips and had students all on buses together for four to six hours, explained Linn County Health Administrator Krista Neblock. The kids were developing symptoms and continuing with festivities. And they only got tested on a Monday, after they had gone around and infected a significant number of people.
Long-standing resistance to masks coupled with evolving CDC guidance, added Sherry Weldon, Neblocks counterpart in Livingston County, means almost no faces are being covered anymore.
I just cringe, she told the Independent, when I see baseball games and basketball games in cities and nobody is wearing a mask.
At the same time, Missouris daily vaccination rate has fallen to less than a quarter of its April peak.
A sign at Coors Field in Denver before a Colorado Rockies game on May 13. (David Zalubowski/AP)
I would say the majority are 65 and older that we got a good response from, and we homed in on them and made sure it is available here, Weldon said. But beyond that group, she added, even convincing health care workers to be vaccinated has been difficult.
Many communities across the country still fit the Linn/Livingston mold: relatively low immunity from prior exposure combined with relatively low vaccination rates. In a world without masks or social distancing, they remain at risk.
When people say why [is this happening], my first comment or thought is, You wouldnt be having this problem if you had gotten a shot, Weldon said.
The situation in Mesa County, Colo., meanwhile, illustrates a slightly different threat. There, COVID-19 has surged before, and todays average daily case count (33 per every 100,000 residents) is about one-quarter as high as Novembers peak. But even that number is nearly seven times the current national average, and prior to Memorial Day, it had increased by 30 percent over the previous two weeks.
Why? It might have to do with a discovery local officials made in early May: that the highly contagious COVID-19 variant behind Indias deadly spring outbreak has now started to spread in Mesa County, which includes the city of Grand Junction.
As with all COVID variants, the approved vaccines offer near-perfect protection against B.1.617.2. But just 33 percent of Mesa County residents are fully vaccinated.
Of those 20 [B.1.617.2 cases] that we know about, all but two were not vaccinated and the two that were only had one of the two vaccinations, Jeff Kuhr, executive director of Mesa County Public Health, told Colorado Public Radio on May 18.
That really is the key here, Denver physician and medical journalist Dr. Dave Hnida recently explained. This is a more contagious strain. If you do not get a vaccine, you are unprotected.
A commuter receives a shot of the Johnson & Johnson vaccine at a subway station in Brooklyn on May 12 as part of a public vaccination program. (Brendan McDermid/Reuters)
Across Colorado, the numbers tell a clear story about whos getting sick and who isnt. According to another CPR report published Tuesday, about 500 people remain hospitalized statewide with COVID-19 and almost all of them are unvaccinated. Likewise, CPR reported that doctors in hospitals treating COVID-19 patients in the state cant recall a single death of a vaccinated person. And when the Colorado health department recently plotted both COVID-19 cases and hospitalizations against vaccinations, county by county, it found that Denver area and mountain counties with higher vaccination rates [are] seeing fewer cases and hospitalizations while more people are still getting sick and hospitalized due to the virus in counties like El Paso, Pueblo, Weld and Mesa [that] have recorded fewer vaccinations per capita.
National numbers follow the same pattern. A recent analysis by the Washington Post, for instance, found that unvaccinated Americans are being hospitalized and dying with COVID-19 at significantly higher rates than Americans overall; in several states, the virus is spreading as fast among the unvaccinated as it did during the winter surge.
To be sure, the scale of the threat is much smaller than it was back then. Linn and Livingston counties are currently averaging roughly 20 new COVID cases per day; Mesa is averaging 50. These arent the sort of huge outbreaks that devastated, say, Los Angeles over the holidays. More than 165 million Americans have been vaccinated, including 86 percent of seniors (i.e., the people who are most likely to get seriously ill or die from COVID). The more people who have immunity, the harder it gets for the virus to find its next host; in effect, vaccinated Americans are protecting unvaccinated Americans from themselves.
That will continue to be the case. But who knows how much protection other peoples immunity will provide when new variants emerge, or when the weather drives less vaccinated communities indoors? Will new clusters like Linn and Livingston and Mesa crop up? Will sickness and death follow?
People wait in line for COVID vaccinations in Los Angeles in April. (Lucy Nicholson/Reuters)
When it comes to COVID, each statistic however small represents another human life. Last week in Mesa County, a child died after testing positive for the B.1.617.2 variant the countys first pediatric COVID death to date. According to Mesa County Public Health, the child was hospitalized before her age group was eligible to receive the vaccine and after contracting COVID from a family member.
Was that relative vaccinated? Would that child still be alive if they had been? What about the 500 other people nationwide who will have died of COVID today, and tomorrow, and the day after?
For most Americans, vaccinated and unvaccinated, normal life will resume in the weeks and months ahead, if it hasnt already. The difference is that even though we now have the power to prevent nearly all sickness and death, unvaccinated Americans will be choosing to live with some degree of it.
____
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Match CEO: ‘Were going to see the biggest cuffing season ever’ – Yahoo Finance
Posted: at 4:04 pm
Americans are emerging from the pandemic eager to reconnect with friends and family and strangers.
That last part is great news for dating apps.
And while the summer is generally a time for casual dating, Match (MTCH) CEO Hesam Hosseini thinks the fall of 2021 looks to be particularly auspicious for more serious relationships to blossom.
"Our role is really to help you find the one, find a meaningful connection," Hosseini said in an interview with Yahoo Finance (video above). "We are actually doubling down on that. You know, this summer is a mixed bag. We actually predict that come the fall were going to see the biggest cuffing season ever."
"Cuffing season" defined as the time of year when "single people begin looking for short term partnerships to pass the colder months of the year" was challenged by society largely shuttering in 2020, and Match sees pent up demand for people looking to make deeper connections.
"It's been an interesting year... to be single," Hosseini said. "For some, the pandemic was really a moment of reflection. As theyre getting back out and starting to date, they are looking for something meaningful. For others, it was a year with frankly a lack of intimacy and theyre looking for something more fun and more casual dating this summer."
A couple sits at an outdoor restaurant on Memorial Day weekend on May 29, 2021 in New York City. (Photo by Alexi Rosenfeld/Getty Images)
Hosseini, who has been part of the Match ecosystem since August 2008, said he hasn't seen the company "provide such an essential service as it has in the last year." Amid the pandemic, Match added several video chatting and other COVID-specific features.
"At the peak of the pandemic, when folks were hesitant and still wanted to get out but not sure how to stay safe, we launched a feature allowing them to disclose dating preferences like... 'Are you still wearing a mask? Are you distancing? Is a hug hello okay?" he explained, adding that the features allowed users to get "that awkward COVID talk out of the way."
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Match will soon provide U.S. users the ability to display "vaccinated badges" on their profiles. And in partnership with the White House, the dating juggernaut is offering free "Super Likes" and other boosts for users who say they are vaccinated. The campaign will last until July 4, which President Biden set as the deadline to have 70% of Americans fully or partially vaccinated.
As of June 4, 63% of U.S. adults have received at least one vaccination, according to CDC's COVID-19 tracker. The Biden administration, along with companies in the private sector, have been trying to incentivize more Americans to get vaccinated with everything from free donuts and beer to childcare.
(Source: Apptopia/Yahoo Finance)
"At Match specifically, we saw a double-digit bump in user engagement when the pandemic first started," Hosseini said. "And in the last few months, as the country has opened up, we have seen an additional double-digit bump in stats like messaging on our platform."
The company reported a better-than-expected first-quarter, with revenue increasing 23% year-over-year, reaching $668 million. Tinder, the app perhaps most closely associated with hookups in the Match Group portfolio, saw 18% growth and non-Tinder brands, posted a growth rate of 30%, the highest seen since the company's IPO in 2015. Match competitor Bumble (BMBL) also smashed revenue expectations in the first quarter, turning a profit for the first time.
The reopening and resulting increase in social connection and dating both online and in-person are strong tailwinds for those in the business of love.
"Match is built for meaningful relationships," Hosseini said. "And for those that are looking for that, we're here. If you want to get out there and date casually this summer, that's totally cool with us. Just come to us in three months when you're ready [for cuffing season]."
Melody Hahm is Yahoo Finances West Coast correspondent. Follow her on Twitter @melodyhahm.
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Psaki lauds Fauci after release of emails from early days of the pandemic – Yahoo! Voices
Posted: at 4:04 pm
During the White House briefing on Thursday, press secretary Jen Psaki praised Dr. Anthony Faucis role in the countrys response to the coronavirus pandemic, after his emails from January to June 2020 were released this week as the result of Freedom of Information Act requests by news organizations.
- Thank you, Jen. I know that you don't want to really litigate what happened when Biden was in the Oval Office and when those emails--
JEN PSAKI: Uh-oh, that's a set-up. [CHUCKLES]
- Fair enough. But has anyone from your team briefed the president on what was in those [INAUDIBLE] Fauci emails?
JEN PSAKI: I'm not aware of him being briefed on the publicly reported emails.
- And then given that there were some things that Fauci said privately that contracted-- contrasted with what he said publicly, whether it was masks or whether or not someone who had the virus could have immunity, or you know, other questions as well. I mean, does he still have confidence in his NIH Director? Does this change anything at all, because--
JEN PSAKI: No, the president and the administration feel that Dr. Fauci has played an incredible role in getting the pandemic under control, being a voice to the public throughout the course of this pandemic. And again, I would reiterate, a lot of these emails are from 17 months ago or more, certainly predating this administration, but some time ago in-- as we look to history.
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Biden Touts Job Gains as ‘Historic Progress’ – The New York Times
Posted: at 4:00 pm
The Labor Departments report that the economy added 559,000 jobs in May, an acceleration from April, buoyed Democrats and the Biden administration on Friday, adding new fuel to the presidents claims that vaccinations and his economic program are beginning to get the economy back on track after a halting recovery from pandemic recession.
This is historic progress, Mr. Biden said in remarks from Rehoboth Beach, Del. Progress thats pulling our economy out of the worst crisis its been in in 100 years.
He went on to claim credit for that progress, both from his administrations campaign to ramp up Americas vaccine production and distribution and from the $1.9 trillion economic aid legislation he signed into law in March.
None of this success is an accident, it isnt, Mr. Biden said, hailing the cooperation, the American people in responding to my effort to get covered under control, wearing masks conditioning and getting vaccinated. And its no small part of the bold action we took by passing the American rescue plan.
But the report, which fell short of analyst expectations for the second straight month and showed a slight shrinkage in the labor force, also provided fodder for Republican critics of the president. They say enhanced unemployment benefits which were extended by Mr. Bidens aid legislation in March are discouraging workers from returning to jobs and holding back what could be an even faster recovery.
Long-term unemployment is higher than when the pandemic started, and labor force participation mirrors the stagnant 1970s, Representative Kevin Brady, the top Republican on the Ways and Means Committee, said in a news release. Its time for President Biden to abandon his attack on American jobs, his tax increases, his anti-growth regulations and his obsession with more emergency spending and endless government checks.
After the April report fell substantially short of expectations, Republican governors across the country moved to prematurely end the $300-per-week supplemental unemployment benefits that began under President Donald J. Trump and are scheduled to continue through September under Mr. Bidens aid package.
Mr. Biden said Friday those benefits had helped Americans weather the crisis but noted they expire in 90 days. That makes sense, he said, it expires in 90 days.
White House economists said last month there was not yet evidence in the numbers that the supplement was discouraging work, pointing instead to constraints like school closures and child care issues keeping women with children from returning to work, along with a large number of working-age Americans who had not been fully vaccinated. Administration economists doubled down on that reading on Friday.
It is too soon to conclude that labor supply issues are holding back the long-term path of the recovery, the chair of the White House Council of Economic Advisers, Cecilia Rouse, wrote in a blog post on Friday morning.
Democratic leaders in Congress continued to push for the unemployment benefits to continue as scheduled, and for lawmakers to move to enact the rest of Mr. Bidens $4 trillion economic agenda.
The American people need all the support they can get, especially Black and Hispanic communities that were among the hardest hit by the pandemic, Representative Don Beyer of Virginia, the chairman of the Joint Economic Committee, said in a news release. Lawmakers must step up. That includes continuing enhanced UI to support workers seeking jobs and Congress passing President Bidens Jobs and Families Plans.
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Note the Progress and the Challenge in Courtroom Attitudes Toward Gay Litigants – JD Supra
Posted: at 4:00 pm
As we enter Pride Month, its a good time to reflect on where we are. President Biden recently announced a renewed push for full legal equality for LGBTQ individuals, but that takes place against a background of continuing bias, including a new legal focus in many states on rolling back civil rights protections. There are battles that are being fought in the statehouses and halls of Congress, in peoples hearts and minds, and that is where theres been a great deal of evolution in the past few years. Looking at the levels of social and interpersonal bias, we are now in a much different situation than we were when this blog started 10 years ago.
To be sure, there is still bias against those whose sexuality differs from the norm, and that bias still matters in the courtroom: LGBTQ individuals may be accorded less credibility or trust, may be seen as more likely to have engaged in some crimes, and could be seen as subtly less worthy of money damages. In this post, I want to share a few conclusions on what we know about anti-gay bias especially, as it might impact evaluations of a party in a civil or criminal case
Society Has Come a Long Way
Anti-gay bias has been falling sharply. In a past post, I wrote about the sea change in attitudes leading up to and continuing from the Obergefell Supreme Court decision allowing gay marriages across the country. As entertainment culture adapted with more gay characters, and as our friends, neighbors, and family members became more comfortable living their lives openly, we saw a dramatic falloff in opposition to equal civil rights and social participation. Interesting, that change influenced both explicit and implicit biases, and the broad shift continues to serve as a novel and timely social science test case on the ways that even hardened social attitudes can change in a relatively short time.
Society Still Has a Long Way to Go
In controlled experimental settings, varying the sexuality of a party in litigation still impacts the results. In part, that occurs when mock jurors apply stereotypes (e.g., the myth that gay individuals are more likely than straight individuals to engage in child sexual abuse). Results are also impacted even when the case has nothing to do with those stereotypes. Even this year, a study (Mirabito & Lecci, 2021) demonstrated that anti-gay bias predicted convictions for gay defendants in both stereotype-consistent and stereotype-inconsistent scenarios.
Anti-gay bias is an attitude that can be measured as part of jury selection and is also a characteristic that tracks closely with a more generalized personality dimension that Ive written about before: authoritarianism. The psychological tendency to support conventional beliefs and strong social rules and order also tracks with a bias against those perceived to be outside these norms. Given a tendency to deny explicit bias against individuals when asked about them in a courtroom context, it may be more productive for litigants seeking to uncover anti-gay bias, as well as bias against other perceived outsiders, to ask about attitudes on psychological authoritarianism instead.
While society has made some steps forward, there is also a pendulum effect to it, and perceived progress motivates a backlash. So when it could impact your case, anti-gay bias is still something you want to look out for.
____________________
Mirabito, L. A., & Lecci, L. (2020). The impact of anti-gay bias on verdicts and sentencing with gay defendants. Journal of Gay & Lesbian Social Services, 1-24.
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DOH NEWS RELEASE: VACCINATION PROGRESS MAPS IDENTIFY AREAS WHERE IMRPOVED VACCINATION ACCESS IS CRITICAL TO AVOID VACCINE DESERTS – David Y. Ige |…
Posted: at 4:00 pm
Posted on Jun 3, 2021 in Latest News, Newsroom
HONOLULU The Hawaii Department of Health is unveiling its newest tool to help encourage more Hawaii residents to get vaccinated: COVID-19 vaccination progress maps.
Based on vaccination data collected to date, the Hawaii Department of Healths Disease Outbreak Control Division has developed a new set of heat maps that show vaccination rates by ZIP code for each island. The maps will be used to identify potential vaccine deserts areas where access to vaccine may be limited. The goal is to increase access through innovative community-based strategies.
The vaccine is our best tool to move forward together as a state. These maps will allow us to work with partners to strategically schedule new vaccination clinics around the state, said Dr. Sarah Kemble, state epidemiologist with the health department. With this geographic information, we can deploy resources where they are needed most and bring the vaccine to where people live, work, and play.
According to vaccination data on June 3, over half (52%) of Hawaiis total population has been fully vaccinated and 59% have received at least one dose of the COVID-19 vaccine. While the state has made tremendous progress in the past six months and restrictions are beginning to loosen, there are still hundreds of thousands of unvaccinated people and vaccination rates are higher in some areas than others.
We want this data to promote health equity by identifying areas where people might be experiencing increased barriers to vaccination, said Joshua Quint, MPH, PhD, an epidemiologist with the Disease Outbreak Control Division, who spearheaded the mapping project. We encourage people to monitor these maps and use them to encourage their neighbors to get vaccinated. Areas with lower vaccination rates represent opportunities to try new strategies that make it more convenient for people to get vaccinated. We are in a critical period where there is still ongoing community transmission. If more and more people continue to get vaccinated, we will prevent future outbreaks from causing unnecessary illness, hospitalizations, and deaths. The COVID-19 vaccines are safe, effective and represent the best way to protect yourself and your loved ones and speed up our recovery process.
To view the new progress maps go to https://health.hawaii.gov/coronavirusdisease2019/what-you-should-know/current-situation-in-hawaii/#vaccine, scroll down to the Hawaii COVID-19 Vaccine Summary, and select the MAP button.
For a brief explanation, watch the Weekly Dose on Facebook.
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Biden touts progress on economic recovery, but warns it is not guaranteed – Yahoo News
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In remarks on Friday, President Biden touted the country's financial recovery, saying, America is on the move again, but he cautioned that progress is not assured.
PRESIDENT JOE BIDEN: America is finally on the move again. As we continue this recovery, we're going to hit some bumps along the way. Of course, that'll happen. We can't reboot the world's largest economy like flipping on a light switch. There's going to be ups and downs in jobs and economic reports. But we're going to be a supply chain issues and price pressures on the way back to stability and steady growth.
In the coming weeks, my administration is going to take steps to combat these supply constraints, building on the work we're doing on the computer chips. That is, we're providing more computer chips to be manufactured here in the United States, so it doesn't slow up the manufacturing of automobiles, for example.
Everyone needs to get their shots though. Now's the time to accelerate the process we've been making. Now's the time to build on the foundation we've laid. Because while our progress is undeniable, it is not assured.
That's why I proposed the American Jobs Plan and the Americans Family Plan for generational investments. We need today. We need to make those investments today to be able to continue to succeed tomorrow. We have a chance to seize on the economic momentum of the first months of my administration, not just to build back, but to build back better.
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Biden touts progress on economic recovery, but warns it is not guaranteed - Yahoo News
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Jounce Therapeutics Presents Trial in Progress Posters on the INNATE and SELECT Clinical Trials at the 2021 American Society of Clinical Oncology…
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- INNATE trial to include proof-of-concept expansion cohorts in lung, renal, head and neck, triple negative breast, cutaneous squamous cell, and ovarian cancers and soft tissue sarcomas -
- SELECT TISvopra positivity rate for patient selection in-line with projections, clinical data on-track for 2022 -
CAMBRIDGE, Mass., June 04, 2021 (GLOBE NEWSWIRE) -- Jounce Therapeutics, Inc. (NASDAQ: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today presented two trial in progress posters, on the Phase 1 INNATE clinical trial and the Phase 2 SELECT clinical trial, at the American Society of Clinical Oncology (ASCO) Virtual Annual Meeting. INNATE, a proof-of-concept (POC) trial, is evaluating Jounces lead macrophage program JTX-8064 (anti-LILRB2/ILT4 inhibitor) as a monotherapy and in combination with pimivalimab (anti-PD-1 inhibitor, formerly known as JTX-4014) in patients with a variety of advanced solid tumors. SELECT, Jounces second POC trial, is evaluating pimivalimab as a monotherapy and in combination with vopratelimab (ICOS agonist) in a novel biomarker selection paradigm in PD-(L)1 nave non-small cell lung cancer patients.
Our INNATE trial is rapidly progressing through dose escalation and we are on-track to begin indication-specific, POC, monotherapy and pimivalimab combination expansion cohorts in the second half of this year, said Elizabeth Trehu, M.D., chief medical officer of Jounce Therapeutics. Furthermore, we are excited to announce the expansion cohort indications for INNATE, which were selected using our translational data-driven approach, linking JTX-8064s mechanism to tumor types in three groups of patients including: PD-(L)1 inhibitor experienced and resistant, PD-(L)1 inhibitor nave and historically resistant, and PD-(L)1 inhibitor and historically more sensitive. JTX-8064 is one of only two clinical-stage LILRB2 programs in development and we expect it to be the first program to initiate expansion cohorts in four of our chosen tumor types. We are also pleased to see TISvopra positivity rates tracking with expectations in our biomarker selection trial, SELECT, and we remain on-track to report data next year.
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Poster Presentation Details:
Poster Title: Phase 1, First-in-Human trial of JTX-8064, an anti-LILRB2/ILT4 monoclonal antibody, as monotherapy and in combination with anti-PD-1 in adult patients with advanced solid (INNATE)Presenter: Kyriakos P. Papadopoulos, MD, South Texas Accelerated Research Therapeutics (START), San Antonio, TXSession Title: Developmental Therapeutics ImmunotherapyAbstract Number: TPS2672Date and Time: Friday, June 4, 2021; 9:00am ET Highlights from the trial in progress poster include the selection criteria for expansion cohorts in the ongoing Phase 1 INNATE trial and an outline the future biomarker plan:
Expansion cohort selection was informed using human histoculture and gene signature analysis from Jounces Translational Science Platform and includes PD-(L)1 nave and experienced patients as well as PD-(L)1 sensitive and resistant tumor types.
The INNATE trial is divided into 4 stages with indication-specific expansion cohorts intended to establish proof-of-concept for JTX-8064:
JTX-8064 monotherapy dose escalation in relapsed / refractory solid tumors
JTX-8064 plus pimivalimab dose escalation in relapsed / refractory solid tumors
JTX-8064 monotherapy expansion in PD-(L)1i nave platinum resistant ovarian cancer
JTX-8064 plus pimivalimab expansions in:
PD-(L)1i nave platinum resistant ovarian cancer
PD-(L)1i nave head and neck squamous cell carcinoma (HNSCC)
PD-(L)1i nave undifferentiated pleomorphic sarcoma (UPS) and liposarcoma (LPS)
PD-(L)1i experienced non-small cell lung cancer (NSCLC)
PD-(L)1i experienced clear cell renal cell carcinoma (ccRCC)
PD-(L)1i experienced triple negative breast cancer (TNBC)
PD-(L)1i experienced cutaneous squamous cell carcinoma (cSCC).
The dose for expansion cohorts will be selected based on safety, pharmacokinetic and receptor occupancy data from the monotherapy dose escalation stage of INNATE.
Archival and pre-treatment tumor biopsies as well as pre- and post-treatment blood samples will be collected to evaluate a number of potential predictive and pharmacodynamic biomarkers using Jounces Translational Science Platform.
Poster Title: Phase 2 Study of PD-1 Inhibitor JTX-4014 (Pimivalimab) Alone and in Combination with Vopratelimab, an ICOS Agonist, in Biomarker-selected Subjects with Metastatic NSCLC After One Prior Platinum-containing Regimen (SELECT)Presenter: Oleh Kobziev, MD, Regional Center of Oncology, Kharkiv, 61070, UkraineSession Title: Lung Cancer Non-Small Cell MetastaticAbstract Number: TPS9137Date and Time: Friday, June 4, 2021; 9:00am ET
The SELECT trial is currently enrolling approximately 75 immunotherapy nave NSCLC patients who have been pre-selected with the TISvopra predictive biomarker
TISvopra may serve as a unique biomarker for potential increased benefit for both pimivalimab monotherapy as well as pimivalimab in combination with vopratelimab.
Data from Jounce and a third-party ICOS agonist program support an ICOS-focused biomarker selection strategy to identify patients that may benefit from ICOS agonism.
Early screening data from SELECT support Jounces estimate that approximately 20% of PD-(L)1i nave non-small cell lung cancer patients tested for TISvopra in the study would meet the TISvopra positivity threshold.
SELECT is on-track to report clinical data in 2022.
Both posters will be available on the Our Pipeline section of the Jounce Therapeutics website under Publications at http://www.jouncetx.com.
About JTX-8064
JTX-8064 is a humanized IgG4 monoclonal antibody designed to specifically bind to Leukocyte Immunoglobulin Like Receptor B2 (LILRB2/ILT4) and block interactions with its ligands. JTX-8064 is the first tumor-associated macrophage candidate developed from Jounces Translational Science Platform. Preclinical data presented at the 2020 Society for Immunotherapy of Cancers Annual Meeting and the 2019 and 2021 American Association for Cancer Research Annual Meetings support the development of JTX-8064 as a novel immunotherapy to reprogram immune-suppressive macrophages and enhance anti-tumor immunity. A Phase 1 clinical trial named INNATE (NCT04669899) of JTX-8064 as a monotherapy and in combination with Jounces internal anti-PD-1 inhibitor, pimivalimab (formerly JTX-4014) is currently enrolling patients with advanced solid tumors.
About Pimivalimab
Pimivalimab (formerly JTX-4014) is a well-characterized fully human IgG4 monoclonal antibody designed to block binding to PD-L1 and PD-L2. Pimivalimab demonstrated a 17% durable overall response rate in a Phase 1 trial of 18 heavily pre-treated PD-(L)1 inhibitor nave patients, which excluded all tumor types for which PD-(L)1 inhibitors were approved. In this Phase 1 trial, pimivalimab was shown to have an acceptable safety profile. Pimivalimab is currently being assessed in the INNATE Phase 1 trial (NCT04669899) in combination with JTX-8064, a LILRB2 (ILT4) inhibitor. Pimivalimab is also being assessed in the SELECT Phase 2 clinical trial (NCT04549025) in combination with vopratelimab, a clinical-stage monoclonal antibody that binds to and activates ICOS, the Inducible T cell CO-Stimulator, a protein on the surface of certain T cells commonly found in many solid tumors.
About Vopratelimab
Vopratelimab is a clinical-stage monoclonal antibody that binds to and activates ICOS, the Inducible T cell CO-Stimulator, a protein on the surface of certain T cells commonly found in many solid tumors. Vopratelimab is currently being assessed in the SELECT Phase 2 clinical trial (NCT04549025) in combination with Jounces internal investigational PD-1 inhibitor, pimivalimab (formerly JTX-4014), compared to pimivalimab alone. The SELECT trial is currently enrolling approximately 75 immunotherapy nave NSCLC patients who have been pre-selected with the TISvopra predictive biomarker, an 18 gene RNA tumor inflammation signature which predicted the emergence of ICOS hi CD4 T cells and clinical benefit in the ICONIC trial of vopratelimab alone and in combination with a PD-1 inhibitor. SELECT is powered to demonstrate the statistical superiority of the combination of vopratelimab plus pimivalimab compared to pimivalimab.
About Jounce Therapeutics:
Jounce Therapeutics, Inc. is a clinical-stage immunotherapy company dedicated to transforming the treatment of cancer by developing therapies that enable the immune system to attack tumors and provide long-lasting benefits to patients through a biomarker-driven approach. Jounce currently has multiple development stage programs ongoing while simultaneously advancing additional early-stage assets from its robust discovery engine based on its Translational Science Platform. Jounces highest priority program, JTX-8064, is a LILRB2 (ILT4) receptor antagonist shown to reprogram immune-suppressive tumor associated macrophages to an anti-tumor state in preclinical studies. Jounces most advanced product candidate, vopratelimab, is a monoclonal antibody that binds to and activates ICOS, and is currently being studied in the SELECT Phase 2 trial. Pimivalimab is a PD-1 inhibitor intended for combination use in the INNATE and SELECT trials and with Jounces broader pipeline. Additionally, Jounce exclusively licensed worldwide rights to JTX-1811, a monoclonal antibody targeting CCR8 and designed to selectively deplete T regulatory cells in the tumor microenvironment, to Gilead Sciences, Inc. For more information, please visit http://www.jouncetx.com.
Cautionary Note Regarding Forward-Looking Statements:
Various statements in this release concerning Jounces future expectations, plans and prospects, including without limitation, Jounces expectations regarding the timing, progress, results and release of data for clinical trials of vopratelimab, pimivalimab and JTX-8064, identification, selection and enrollment of patients for Jounces clinical trials, and the use of pimivalimab in combination with Jounces other product candidates, may constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward-looking statements, which often include words such as expect, goal, plan, on track, will or similar terms, variations of such terms or the negative of those terms. Although Jounce believes that the expectations reflected in the forward-looking statements are reasonable, Jounce cannot guarantee such outcomes. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, Jounces ability to successfully demonstrate the efficacy and safety of its product candidates and future product candidates; the preclinical and clinical results for its product candidates, which may not support further development and marketing approval; the potential advantages of Jounces product candidates; Jounces ability to successfully manage its clinical trials; the development plans of its product candidates and any companion or complementary diagnostics; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials of Jounces product candidates; and those risks more fully discussed in the section entitled Risk Factors in Jounces most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as discussions of potential risks, uncertainties, and other important factors in Jounces subsequent filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and Jounce undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor and Media Contacts:Mark YoreJounce Therapeutics, Inc.+1-857-200-1255 myore@jouncetx.com
Julie SeidelStern Investor Relations+1-212-362-1200Julie.Seidel@sternir.com
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