Winter storms paralyzing the United States have left millions without power and sent health officials scrambling to protect freezers full of COVID-19 vaccines, which have to be kept at extremely low temperatures or risk going bad.
Rolling blackouts through Texas took out at least one set of freezers full of the Moderna vaccine; 5,000 doses were sent to a university, a jail, and a handful of hospitals before they expired. The Oregon Health Authority is moving vaccines to places with power, although the agency isn’t disclosing which storage sites have their systems down. As part of its storm preparations, Kentucky made sure places holding COVID-19 vaccines had contingency plans.
Individual income taxes are a major source of state government revenue, accounting for 38 percent of state tax collections in fiscal year 2018, the latest year of data available.
Forty-two states levy individual income taxes. Forty-one tax wage and salary income, while one state—New Hampshire—exclusively taxes dividend and interest income. Eight states levy no individual income tax at all.
Of those states taxing wages, nine have single-rate tax structures, with one rate applying to all taxable income. Conversely, 32 states and the District of Columbia levy graduated-rate income taxes, with the number of brackets varying widely by state. Hawaii has 12 brackets, the most in the country.
The world’s first coronavirus human challenge study will begin in the UK in a matter of weeks, following approval from the country’s clinical trials ethics body, the business department said.
Approval has been given for an initial trial that will involve up to 90 carefully screened, healthy, adult volunteers aged between 18 and 30. They will be exposed to the coronavirus in a safe, controlled environment. It is hoped further trials will follow.
“These are quite unique studies, able to accelerate not only understanding of diseases caused by infection, but also to accelerate the discovery of new treatments and of vaccines,” said Peter Openshaw, a professor of experimental medicine at Imperial College London.
The visualizations display how private equity investments have grown in popularity. Private equity allocations are now the third-largest asset class for public pension plans, growing from 3.62 of nationwide plan portfolios in 2001 to 9.15 percent in 2019.
Portfolio managers should be free to pursue whatever investment philosophies they believe are in the best long-run interests of their plan members. However, policymakers, pension plan members, and taxpayers should be aware of these trends and the risks that come with them. Pension systems and lawmakers need to address the growing risk of volatility in ways that maintain a plan’s resiliency to unpredictable market factors. Also, plan stakeholders should be wary of a situation where the tail wags the dog—with pension systems swapping safety for risk and volatility as they chase outdated and overly optimistic investment return assumptions.
Results During 2001 to 2015, 22 million deaths (8 million women and 14 million men) occurred among individuals aged 20 to 64 years in the selected populations. Among women, US Latina individuals had the lowest premature mortality rates (ASMR for 2015, 144 deaths per 100 000 population) and US African American women had the highest premature mortality rate (ASMR for 2015, 340 deaths per 100 000 population) of the 16 populations studied. Rates among US white women shifted from the sixth lowest in 2001 (ASMR, 231 deaths per 100 000 population) to the 12th lowest in 2015 (ASMR, 235 deaths per 100 000 population). Among men, Peru had the lowest premature mortality rates (ASMR for 2015, 219 deaths per 100 000 population), and Belize had the highest premature mortality rates (ASMR for 2015, 702 deaths per 100 000 population). White men in the United States shifted from the fifth lowest rates in 2001 (ASMR, 396 deaths per 100 000 population) to the eighth lowest rates in 2015 (ASMR, 394 deaths per 100 000 population). Rates for both women and men decreased in all the populations studied from 2001 to 2015 (average annual percentage change range, 0.4% to 3.8% per year) except among US white populations, for which the rate plateaued (average annual percentage change, 0.02% per year [95% CI, −0.3% to 0.2% per year] for women; −0.2% per year [95% CI, −0.4% to 0.0% per year] for men) and among Nicaraguan men, for whom the rates increased (0.6% per year [95% CI, 0.2% to 1.0% per year]). The populations with the lowest mortality rates in 2015 had lower rates from all major causes, but rates were particularly lower for heart disease (21 deaths per 100 000 population) and cancer (50 deaths per 100 000 population).
Author(s): Yingxi Chen, MD, PhD; Neal D. Freedman, PhD; Erik J. Rodriquez, PhD; et al
LATIN AMERICANS ARE less likely to die prematurely than non-Hispanic whites in the U.S. – whether they live in the country or not, a new study suggests.
Researchers have long theorized that a longer life expectancy among Latinos in the U.S. – despite often facing socioeconomic disadvantages – could be driven in part by a “healthy immigrant effect,” meaning healthier people may be more likely to immigrate to the U.S. than those in poorer health. But the new study, published Wednesday in JAMA Network Open, suggests “there may be a broader Latin American paradox” that extends far beyond U.S. borders.
The coronavirus pandemic changed the way U.S. consumers use credit, as lower interest rates spurred a boom in home buying and refinancing and virus-related shutdowns led to a drop in credit card use and an increase in paying off debt, according to a report released on Wednesday by the New York Federal Reserve.
Total household debt last year increased by $414 billion to $14.56 trillion at the end of December, the New York Fed found in its quarterly household debt and credit report.
The sharp increase this month in U.S. government-bond yields is pressuring the stock market and forcing investors to more seriously confront the implications of rising interest rates.
The lift in yields largely reflects investor expectations of a strong economic recovery. However, the collateral damage could include higher borrowing costs for businesses, more options for investors who had seen few alternatives to stocks and less favorable valuation models for some hot technology shares, investors and analysts said.
As of Friday [Feb 19], the yield on the benchmark 10-year U.S. Treasury note stood at 1.344%, up from 1.157% just five trading sessions earlier and roughly 0.9% at the start of the year.
GameStop mania has spilled over into a popular exchange-traded fund, as the WallStreetBets craze reaches beyond shares favored on social media.
The fund, State Street ’s SPDR S&P Retail ETF, was created in 2006 to give investors broad exposure to mall-store firms. Its shares have surged 23% this year, far outstripping a 4% gain in the S&P 500, despite the uncertain outlook for retail. Behind those gains are the traders who congregate on social-media platforms such as Reddit’s WallStreetBets forum and whose enthusiasm has turned this mundane investment into a roller coaster.
On Jan. 27, GameStop soared 135%, driven by events such as Tesla Inc. Chief Executive Elon Musk tweeting “Gamestonk.” The State Street fund jumped 42% the same day. The next day, GameStop shares tumbled 44% and the fund, known by its ticker XRT, dropped about 9%.
Nationally, the seasonally adjusted unemployment rate rose to 6.7% in December 2020, from 3.6% a year earlier, according to the Labor Department. Jobless rates in the four Midwest metros rose about half as much, while the rates climbed more in several coastal cities.
Columbus and Cincinnati finished last year with a seasonally adjusted 5.1% unemployment rate. The rate was 4.3% in Indianapolis and 4.7% in Minneapolis. The rates were higher in San Francisco, 7.3%, and Boston, 6.9%. The latter two cities had among the lowest unemployment rates among major metro areas at the end of 2019.
Columbus moved from having a near average unemployment rate in 2019 to having among the nation’s lowest rates for major metro areas late last year. The region, with a population of 2.1 million, is home to Ohio State University, a source of young talent and stability during economic downturns and the area’s largest single employer. The city is also home to the state Capitol and is a major hub for JPMorgan Chase & Co., the largest private employer, with 18,000 workers.
Every day for almost a year, hundreds of COVID Tracking Project contributors from all walks of life have compiled, published, and interpreted vitally important COVID-19 data as a service to their fellow Americans. On March 7, the one-year anniversary of our founding, we will release our final daily update and our data compilation will stop. Documentation, analysis, and archival work will continue for another two months, and we will bring the project to a close in May.
That we were able to carry the data through a full year is a testament to the generosity of the foundations and firms that gave us the resources we needed, to the counsel of our advisory board, to The Atlantic’s support for our highly unusual organization, and above all to the devotion of our contributors. But the work itself—compiling, cleaning, standardizing, and making sense of COVID-19 data from 56 individual states and territories—is properly the work of federal public health agencies. Not only because these efforts are a governmental responsibility—which they are—but because federal teams have access to far more comprehensive data than we do, and can mandate compliance with at least some standards and requirements. We were able to build good working relationships with public health departments in states governed by both Republicans and Democrats, and these relationships helped bring much more data to into public view. But ultimately, the best we could hope to do with unstandardized state data was to build a bridge over the data gaps—and the good news is that we believe we can now see the other side.