Floods put Mississippi capital in ‘precarious situation’

Marcus Morris steadies the boat as his neighbor Chris Sharp readies the trolling motor for another trip through their Pearl River flooded neighborhood in Jackson, Miss., Sunday, Feb. 16, 2020. In one Jackson neighborhood, residents paddled canoes, kayaks and small fishing boats to check on their houses, giving lifts to other neighbors. Tate Reeves said Sunday morning that the Pearl would continue to rise throughout the day, and he warned that the state faces a “precarious situation that can turn


Marcus Morris steadies the boat as his neighbor Chris Sharp readies the trolling motor for another trip through their Pearl River flooded neighborhood in Jackson, Miss., Sunday, Feb. 16, 2020.
In one Jackson neighborhood, residents paddled canoes, kayaks and small fishing boats to check on their houses, giving lifts to other neighbors.
Tate Reeves said Sunday morning that the Pearl would continue to rise throughout the day, and he warned that the state faces a “precarious situation that can turn
Floods put Mississippi capital in ‘precarious situation’ Cached Page below :
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Floods put Mississippi capital in 'precarious situation'

Marcus Morris steadies the boat as his neighbor Chris Sharp readies the trolling motor for another trip through their Pearl River flooded neighborhood in Jackson, Miss., Sunday, Feb. 16, 2020.

In a bit of good news, officials at a reservoir upriver of the capitol said Sunday that water levels in the reservoir had stabilized, allowing them to send less water downriver. The National Weather Service, which had been anticipating the river would crest Sunday at 38 feet, on Sunday slightly reduced that to 37.5 feet. The river is now anticipated to crest Monday.

In one Jackson neighborhood, residents paddled canoes, kayaks and small fishing boats to check on their houses, giving lifts to other neighbors. Some were able to get inside while others peeked into the windows to see what, if any damage, had been done inside. Outside floodwaters lapped at mailboxes, street signs and cars that had been left in driveways.

Gov. Tate Reeves said Sunday morning that the Pearl would continue to rise throughout the day, and he warned that the state faces a “precarious situation that can turn at any moment.”

With the waters in the Pearl River continuing to rise in and around Mississippi’s capital city and more rain on the way this week, the governor warned residents that it would be days before flood waters start to recede in Jackson.

Water from the Pearl River floods this northeast Jackson, Miss., home and car, Sunday, Feb. 16, 2020. Authorities believe the flooding will rank as third highest, behind the historic floods of 1979 and 1983.

But even with that development, officials urged residents to pay attention to evacuation orders, check on road closures before traveling and stay out of floodwaters, warning that even seemingly placid waters could mask fast-moving currents and pollution. Law enforcement officials went door to door in affected areas, telling people to evacuate, Reeves said.

Rescuers performed four assisted evacuations Saturday, although they said none were needed overnight.

“We expect the river to continue to rise over the next 24 hours or so, ” Reeves said at a news conference in Jackson. “We are not out of the woods yet.”

Jackson Mayor Chokwe Lumumba said power had been shut off to 504 residences as a safety precaution. He said some city homes had been flooded but officials do not yet know how many. About 30 people are at a shelter that has been set up in Jackson, he said.

Nearly 2,400 structures across the three counties closest to the river and the reservoir — Hinds, Rankin and Madison counties — could be impacted, meaning they either get water inside or are surrounded by water, said Malary White, of the Mississippi Emergency Management Agency.

In the suburb of Flowood, John and Jina Smith had packed up as much as they could and left their home as waters rose Thursday.

On Sunday, their neighbor Dale Frazier took them back to their house in a rowboat, where they checked on the damage, then got in their own canoe and rowed away.

“We’ve been able to stay in here when the water gets up,” John Smith said. “But as you’ve watched it over the years, you know when to get out. It’s time to get out this time.”

A foot and a half of water was inside his house, Smith said. He’d already been in touch with a contractor and insurance agent about rebuilding. Both he and his wife said they love their home, where they can sit on their back porch and watch deer and other wildlife.

“It’s going to take a while for us to rebuild, but we are safe, and we’re all OK,” Jina Smith said.


Company: cnbc, Activity: cnbc, Date: 2020-02-17
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Coronavirus live updates: Americans begin evacuating quarantined cruise ship in Japan

A US passenger thumbs up to reporters while arriving at the Haneda Airport, in Tokyo on February 17, 2020 after disembarking in Yokohama from the Diamond Princess cruise ship, where people are quarantined onboard due to fears of the new COVID-19 coronavirus. China’s National Health Commission reported that there were 2,009 new confirmed cases of the coronavirus and 142 additional deaths as of Feb. 15. 11:30 am: American citizens begin evacuating quarantined cruise ship in JapanAmerican passenger


A US passenger thumbs up to reporters while arriving at the Haneda Airport, in Tokyo on February 17, 2020 after disembarking in Yokohama from the Diamond Princess cruise ship, where people are quarantined onboard due to fears of the new COVID-19 coronavirus.
China’s National Health Commission reported that there were 2,009 new confirmed cases of the coronavirus and 142 additional deaths as of Feb. 15.
11:30 am: American citizens begin evacuating quarantined cruise ship in JapanAmerican passenger
Coronavirus live updates: Americans begin evacuating quarantined cruise ship in Japan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-16  Authors: emma newburger
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Coronavirus live updates: Americans begin evacuating quarantined cruise ship in Japan

A US passenger thumbs up to reporters while arriving at the Haneda Airport, in Tokyo on February 17, 2020 after disembarking in Yokohama from the Diamond Princess cruise ship, where people are quarantined onboard due to fears of the new COVID-19 coronavirus. KAZUHIRO NOGI

This is a live blog. Please check back for updates. All times below are in U.S. Eastern Standard Time. China’s National Health Commission reported that there were 2,009 new confirmed cases of the coronavirus and 142 additional deaths as of Feb. 15. The total number of cases in mainland China has reached 68,500, and the total deaths has reached 1,665, according the latest statistics from the commission on Sunday.

11:30 am: American citizens begin evacuating quarantined cruise ship in Japan

American passengers quarantined on the Diamond Princess cruise ship in Japan began evacuating on Sunday. Officials said they would be taken on a charter flight to one of two U.S. military air bases, where they will undergo a 14-day quarantine. Passengers will be screened for symptoms prior to boarding. Americans that decide to not return on the charter flight will be unable to travel to the U.S. until March 4, according to the American Embassy in Tokyo. Japanese officials said the quarantine aboard the ship should end on Feb. 19. There were 355 cases of the virus confirmed as of Sunday, with roughly 3,700 total passengers and crew on board.

10:50 am: China pharmaceutical company to sell Favipiravir drug as potential virus treatment

Zhejiang Hisun Pharmaceutical, one of the largest pharmaceutical manufacturers in China, has received approval to start selling Favipiravir as a potential treatment for the virus, according to a company filing. The company must still continue clinical trials of the antiviral drug, which is being developed by Toyama Chemical of Japan, after it hits the market.

6:21 am: Taiwan confirms death of man with no known history of travel to China

Taiwan said a man in his 60s with a history of hepatitis B and diabetes has died of the virus. It’s the first death on the island. The man died Saturday after nearly two weeks in a hospital, but does not have a known history of traveling to China. Health officials are investigating how he became infected. Taiwan has 20 confirmed cases of the virus.

3:40 am: American from cruise ship tests positive for second time in Malaysia


Company: cnbc, Activity: cnbc, Date: 2020-02-16  Authors: emma newburger
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US officials’ warnings about China are ‘lies, not based on facts,’ foreign minister says

MUNICH — China’s Foreign Minister Wang Yi said Saturday that U.S. criticisms of Beijing were “lies” and blamed Washington for the tumultuous relationship between the world’s two largest economies. Wang’s comments at the Munich Security Conference followed those of Secretary of State Mike Pompeo and Secretary of Defense Mark Esper, both delivering back-to-back speeches accusing China of malign activities. And on that point, China has had a border or maritime dispute with nearly every nation borde


MUNICH — China’s Foreign Minister Wang Yi said Saturday that U.S. criticisms of Beijing were “lies” and blamed Washington for the tumultuous relationship between the world’s two largest economies.
Wang’s comments at the Munich Security Conference followed those of Secretary of State Mike Pompeo and Secretary of Defense Mark Esper, both delivering back-to-back speeches accusing China of malign activities.
And on that point, China has had a border or maritime dispute with nearly every nation borde
US officials’ warnings about China are ‘lies, not based on facts,’ foreign minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-16  Authors: amanda macias
Keywords: news, cnbc, companies, chinese, based, security, secretary, foreign, facts, wang, munich, warnings, pompeo, china, huawei, beijing, officials, minister, international, lies


US officials' warnings about China are 'lies, not based on facts,' foreign minister says

MUNICH — China’s Foreign Minister Wang Yi said Saturday that U.S. criticisms of Beijing were “lies” and blamed Washington for the tumultuous relationship between the world’s two largest economies.

“The root cause of all these problems and issues is that the U.S. does not want to see rapid development and rejuvenation of China, still less would they want to accept the success of a socialist country, but that is not fair, China has the right to develop,” Wang said during a discussion at the Munich Security Conference.

“China’s drive towards modernization is an inevitable trend of history and will not be held back or stopped by any force in the world because it represents the direction of human progress,” he added.

Wang’s comments at the Munich Security Conference followed those of Secretary of State Mike Pompeo and Secretary of Defense Mark Esper, both delivering back-to-back speeches accusing China of malign activities.

“China encroaches on the exclusive economic zones of Vietnam, the Philippines, and Indonesia. And on that point, China has had a border or maritime dispute with nearly every nation bordering it,” Pompeo told an audience at the security forum. “And let’s talk for a second about the other realm, cybersecurity. Huawei and other Chinese state-backed tech companies are Trojan horses for Chinese intelligence,” he added.

Esper said Beijing was caring out a “nefarious strategy” through telecommunications firm Huawei. “It is essential that we as an international community wake up to the challenges presented by Chinese manipulation of the long-standing international rules-based order,” he warned.


Company: cnbc, Activity: cnbc, Date: 2020-02-16  Authors: amanda macias
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US raises tariffs on European-built aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. EU officials have said they want to negotiate with Washington but will not be bullied into submission. EU officials had no immediate comment on Friday’s news. The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its ca


The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.
EU officials have said they want to negotiate with Washington but will not be bullied into submission.
EU officials had no immediate comment on Friday’s news.
The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its ca
US raises tariffs on European-built aircraft in ongoing dispute over subsidies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15
Keywords: news, cnbc, companies, aircraft, wine, products, dispute, raises, officials, wto, airbus, washington, europeanbuilt, trade, ongoing, tariffs, subsidies


US raises tariffs on European-built aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.

The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.

In a statement released late on Friday, USTR said it would make minor modifications to 25% tariffs imposed on cheese, wine and other non-aircraft products from the EU, including dropping prune juice from the list. It did not raise the tariff rates on those product, as it had suggested it might do in October.

The higher aircraft tariff will take effect March 18.

The U.S. action comes as U.S. President Donald Trump, emboldened by agreement on a Phase 1 trade deal with China, has trained his sights on restructuring the more than $1 trillion U.S.-EU trade relationship, raising the specter of another major trade war as the global economy slows.

EU officials have said they want to negotiate with Washington but will not be bullied into submission.

European planemaker Airbus said the U.S. move would hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union in the longstanding dispute.

Airbus said it would continue discussions with U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped USTR would change its position, particularly given the threat of EU tariffs on U.S. products in its own case before the World Trade Organization.

“USTR’s decision ignores the many submissions made by U.S. airlines, highlighting the fact that they — and the U.S. flying public — ultimately have to pay these tariffs,” the company said in a statement.

EU officials had no immediate comment on Friday’s news.

The USTR had announced in December that it could increase tariff rates up to 100% and subject additional EU products to tariffs, following a decision by the WTO that EU launch aid to Airbus continued to harm the U.S. aerospace industry.

The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its case against Airbus. Washington then slapped 10% tariffs on most European-made Airbus jets and 25% duties on products ranging from cheese to olives and single-malt whisky, from Oct. 18.

Boeing, in a statement, said it was working with U.S. federal and state officials to “promptly bring the United States into full compliance” with WTO rulings.

“The EU and Airbus could end these tariffs by finally complying with their legal obligations, ending these illegal subsidies, and addressing their ongoing harm. We hope they will,” the company said in a statement.

The Wine & Spirits Wholesalers of America (WSWA) said it remains strongly opposed to tariffs on European-origin wine and spirits, and urged U.S. and EU trade officials to negotiate an end to a trade dispute that was lowering revenues.

A study commissioned by the group estimated that the 25% tariffs implemented in October could result in the loss of nearly 36,000 jobs in the beverage alcohol industry.

The Distilled Spirits Council of the United States said tit-for-tat tariffs on alcoholic beverages were hurting companies and consumers on both sides of the Atlantic.

It said new U.S. government data showed the U.S. spirit industry’s exports to the EU, its largest export market, fell 27% in 2019 from a year earlier, and global exports of American whiskey declined 16% in the same period.

“We urge both sides to resolve these disputes so that consumers can enjoy #ToastsNotTariffs,” the group said.


Company: cnbc, Activity: cnbc, Date: 2020-02-15
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The White House doesn’t trust China’s coronavirus numbers — here’s why

World health officials say China’s response to the virus is an improvement from past outbreaks. Chinese health authorities were alerted to the mysterious respiratory disease that mid-December, but it would take several more months before the disclosure of the illness to the public. Health officials reported on Feb. 11, 2003 more than 300 cases of SARS in the province of Guangdong, where the outbreak began. However, the support for such a move underscores U.S. officials’ frustrations with and ske


World health officials say China’s response to the virus is an improvement from past outbreaks.
Chinese health authorities were alerted to the mysterious respiratory disease that mid-December, but it would take several more months before the disclosure of the illness to the public.
Health officials reported on Feb. 11, 2003 more than 300 cases of SARS in the province of Guangdong, where the outbreak began.
However, the support for such a move underscores U.S. officials’ frustrations with and ske
The White House doesn’t trust China’s coronavirus numbers — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: berkeley lovelace jr william feuer, berkeley lovelace jr, william feuer
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The White House doesn't trust China's coronavirus numbers — here's why

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, inspects the novel coronavirus pneumonia prevention and control work in Beijing, capital of China, on Feb. 10, 2020. Xinhua News Agency

The coronavirus that emerged from China’s Hubei province over a month ago and has spread to two dozen countries is already fueling mistrust from the U.S. government on whether China can provide accurate information about the epidemic. The White House said this week it does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC. Meanwhile, China has reportedly been reluctant to accept help from the Centers for Disease Control and Prevention, and has reportedly suppressed information about the outbreak from scientists that it deems alarming. U.S. officials’ mistrust of China goes as far back as the 1950s, when national authorities set unrealistic production quotas that led local officials to inflate data. Mishaps with the 2003 outbreak of SARS, which sickened 8,098 people and killed about 800 over nine months, and discrepancies in reporting of economic data over the past two decades has only hardened the U.S. government’s belief that China cannot be trusted, experts say. White House advisor Peter Navarro has even called China a “disease incubator.” Since emerging from the city of Wuhan, the new virus has spread from about 300 people as of mid-January to more than 64,000 as of Friday — with the number of new cases growing by the thousands every day. World health officials say China’s response to the virus is an improvement from past outbreaks. China has been more transparent, World Health Organization officials told reporters this week. Chinese health authorities quickly isolated the virus’ genetic sequence and shared it on a public database in a matter of weeks, they said, giving scientists a chance to identify it. A WHO-led team of 12 international experts are expected to arrive in China this weekend to collaborate with Chinese counterparts, WHO Director-General Tedros Adhanom Ghebreyesus said Friday. But praise from the WHO has not kept top U.S. officials from criticizing China’s handling of the outbreak. On Thursday, White House top economic advisor Larry Kudlow told reporters the U.S. is “quite disappointed,” citing a lack of transparency. Such criticism is far from new.

The SARS outbreak

Skepticism over China’s handling of public health crises dates back to 2003, according to Yanzhong Huang, a public health researcher at the Council on Foreign Relations and director of the Center for Global Health Studies at Seton Hall University. At the time, the Chinese government was accused of trying to cover up the outbreak of Severe Acute Respiratory Syndrome, more commonly known as SARS, which rapidly spread to more than two dozen countries and caused world health officials to declare it a global health threat. The flu-like virus, which produced symptoms such as fever, cough, chills and fatigue, had never been seen before, and poor management and delays from the government was blamed by world leaders for the rapid spread of the disease, Huang said. The earliest case of the coronavirus is thought to have emerged in November 2002. Chinese health authorities were alerted to the mysterious respiratory disease that mid-December, but it would take several more months before the disclosure of the illness to the public. Health officials reported on Feb. 11, 2003 more than 300 cases of SARS in the province of Guangdong, where the outbreak began. The officials also admitted that there were no effective drugs to treat the disease and that the outbreak was only tentatively contained, said Huang. China’s leadership later took proactive steps, including working with WHO and other officials to contain the outbreak, Huang said. But the initial failure to inform the public heightened anxieties, fear, and widespread speculation, including in the U.S., and spurred an ousting of top health officials, he added. “There are certainly similarities” to the SARS response and the new virus, said Huang, adding that China’s response has been much better this time.

Currency manipulation

When the Trump administration officially designated China a currency manipulator in August last year, it drew bipartisan support from American politicians. “China has been manipulating their currency long before and since President Trump took office,” Senate Democratic Leader Chuck Schumer said at the time. “He should finally tell his Treasury Secretary to label China a currency manipulator. That’s all he needs to do to make it happen.” There’s little evidence to support the notion that China has manipulated its currency in recent years, David Dollar, senior fellow at the John L. Thornton China Center at the Brookings Institution who specializes in China’s economic system, said. However, the support for such a move underscores U.S. officials’ frustrations with and skepticism towards China’s historical economic data, Dollar said. “Back around 2005, 2006, it would be fair to say that China was intervening to keep the currency low,” he said. “Historically, they would have met the definition of currency manipulator 15 years ago.” The U.S. briefly labelled China a currency manipulator before removing them from the list last month as the two countries prepared to sign a phase-one trade deal. Nonetheless, Dollar said it’s clear that China historically suppressed the rise of its currency to maintain a trade advantage with the U.S. and other countries. This history, Dollar said, as well as other disputes related to trade has been a point of contention and distrust between the U.S. and China.

GDP data that’s “no good”

When it comes to internal economic measures, even Chinese officials struggle to trust the data. Chinese Premier Li Keqiang in 2007 called provincial GDP data “man-made.” Those comments, which were made in private to U.S. diplomatic personnel and later leaked, gave rise to what’s now called the Li Keqiang index. The index is a figure used by economists to examine the underlying factors of China’s economy, such as electricity consumption, rail cargo and amount of loans disbursed. Keqiang told U.S. officials these figures were more accurate than the provincial GDP data provided by local officials under pressure to inflate their numbers. Thomas Rawski, professor of economics and history at the University of Pittsburgh whose research is focused on the development of China’s modern economy, said it’s widely understood by economists and Chinese officials alike that provincial data is “no good.” “When things aren’t going well, and we see this on both a national and provincial level, they publish data that show things are better than they are,” he said. “Assuming the best possible effort, it’s just not easy to measure such a large economy. On top of that, there are also questions about whether there is an interest at all in actually reporting accurate numbers.” Rawski has observed China’s economic growth since before the Asian financial crisis around 1997, which is when he began to see the data run away from reality, he said. He published an article in 2001 that claimed data on manufacturing output was out of step with underlying figures on electricity consumption. “Thinking about the flu business, it is entirely the same as the GDP issues,” he said. “In both cases, there are a lot of technical issues as well as what I call veracity issues. And there’s the question of motivation of people collecting and reporting the data at all levels, and you have to ask is there an incentive to distort. I think the answer is obviously yes.”

WHO defends China


Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: berkeley lovelace jr william feuer, berkeley lovelace jr, william feuer
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Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says

A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. The Trump administration may stop exporting jet engines manufactured partly by General Electric to China for the country’s airliner, over fears that the Chinese could mimic the production techniques, The Wall Street Journal reported. The move could have steep impact on G


A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017.
General Electric Co. is scheduled to release earnings figures on January 20.
The Trump administration may stop exporting jet engines manufactured partly by General Electric to China for the country’s airliner, over fears that the Chinese could mimic the production techniques, The Wall Street Journal reported.
The move could have steep impact on G
Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: yun li
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Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says

A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20.

The Trump administration may stop exporting jet engines manufactured partly by General Electric to China for the country’s airliner, over fears that the Chinese could mimic the production techniques, The Wall Street Journal reported.

The White House is considering a proposal to decline a license allowing CFM International, a joint venture of GE and France’s Safran SA, to ramp up deliveries of its LEAP 1C jet engines to China, the Journal reported, citing a person familiar with the discussions.

The move could have steep impact on GE, which is fighting against the proposal, the Journal said. GE believes reverse-engineering the engines is much more difficult than some officials think, and the Chinese could have already started the process as the engines have been used in the countries for years, according to the person.

Administration officials will meet on Thursday to discuss the potential denial of the license, and cabinet officials will have a meeting on Feb.28 on this matter and other China trade policies, the Journal said.

The proposal came about a month after President Trump signed a “phase one” trade agreement with China as the world’s two biggest economies try to rein in a more than 18-month trade war.

Aviation is one of GE’s key businesses and a bright spot for the struggling conglomerate as it attempts to come back from its failure to forecast a downturn in demand for its turbines, the titanic machinery that powers natural gas and coal-fired power plants.

— Click here to read the original Wall Street Journal story.


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WHO is investigating 1,716 health workers in China infected with coronavirus

World health officials are working with Chinese authorities to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus, World Health Organization officials said Friday. Earlier in the day, China’s National Health Commission said that 1,716 health workers in the country had been infected with the coronavirus and six of them have died. It was the first time China published figures specifically relating to infected medical personnel. She said there are cur


World health officials are working with Chinese authorities to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus, World Health Organization officials said Friday.
Earlier in the day, China’s National Health Commission said that 1,716 health workers in the country had been infected with the coronavirus and six of them have died.
It was the first time China published figures specifically relating to infected medical personnel.
She said there are cur
WHO is investigating 1,716 health workers in China infected with coronavirus Cached Page below :
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WHO is investigating 1,716 health workers in China infected with coronavirus

World health officials are working with Chinese authorities to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus, World Health Organization officials said Friday.

It appears infections among medical workers peaked in mid-January and have “rapidly” decreased since, Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva. “This may reflect increased levels of training, increased levels of protection and increased levels of awareness.”

Officials are also looking to see whether the medical workers were exposed to the virus unknowingly within a clinical environment and whether they were wearing protective equipment at the time, Ryan said. “There are a whole lot of factors we need to look at, and we will be doing that with Chinese authorities.”

Earlier in the day, China’s National Health Commission said that 1,716 health workers in the country had been infected with the coronavirus and six of them have died. It was the first time China published figures specifically relating to infected medical personnel.

Dr. Sylvie Briand, head of WHO’s Global Infectious Hazard Preparedness division, told reporters that the health workers may have been fatigued at the time they were infected and weren’t taking proper protective measures because they were too tired. China has sent medical professionals from several regions to support those workers, she said.

Later Friday, Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters on a conference call that the notice from China of the health workers being infected was “concerning.” She said there are currently no health workers in the U.S. that have contracted the virus.

WHO is asking suppliers of protective gear to prioritize sending the equipment to regions most affected by the virus.

Last week, WHO said it sent medical supplies such as masks, gloves, gowns and diagnostic tests around the world. It is discouraging stockpiling of protective gear, saying the limited number of items need to be saved for regions most affected by the virus. The price of protective gear has increased, while availability has decreased, WHO officials said.

That could have a “knock-on effect” for other ongoing epidemics such as Ebola, Ryan said last week.

On Thursday, world health officials said they were scrambling to determine just how widespread the new coronavirus is as Chinese authorities reported a surge in new cases after changing how they count confirmed infections.

“How big is the iceberg?” Ryan said. “We do know, and we all accept, that there is transmission occurring at some level in communities. We’ve all seen those clusters, we’ve all seen those super spreading events.”

The flu-like virus has killed at least 1,380 people and sickened more than 64,000 worldwide as of Friday morning.

World health officials have said the respiratory disease is capable of spreading through human-to-human contact, droplets carried through sneezing and coughing and germs left on inanimate objects. The coronavirus produces mild cold symptoms in about 80% of patients, they said. About 15% of the people who contract the virus have ended up with pneumonia, with 3% to 5% of all patients needing intensive care.

Ryan said Thursday that officials are working on identifying the virus’s natural host. Earlier in the week, WHO officials said the virus, which emerged from a seafood market in Wuhan, likely originated in bats and then jumped to an “intermediate host” before infecting humans.


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, workers, protective, 1716, ryan, world, increased, coronavirus, virus, investigating, officials, health, infected, medical, china


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White House considering tax incentive for more Americans to buy stocks, sources say

The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). “Nothing’s ruled out,” said one senior administration official. The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion. A payroll tax cut would become an option only if the economy experienced significant decline


The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k).
“Nothing’s ruled out,” said one senior administration official.
The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion.
A payroll tax cut would become an option only if the economy experienced significant decline
White House considering tax incentive for more Americans to buy stocks, sources say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: kayla tausche
Keywords: news, cnbc, companies, trump, stocks, house, according, sources, officials, considering, cuts, buy, president, americans, administration, white, tax, incentive, say, senior


White House considering tax incentive for more Americans to buy stocks, sources say

WASHINGTON — As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.

The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one hypothetical scenario described by multiple officials, a household earning up to $200,000 could invest $10,000 of that income on a tax-free basis, although officials noted these numbers are fluid.

“Nothing’s ruled out,” said one senior administration official. “Nothing’s been ruled in, either.”

Larry Kudlow, director of the National Economic Council, told CNBC the approach looked at most closely centers on creating universal savings accounts, which would combine retirement, education and health care savings into one vehicle.

Money put into the account would be done so on an after-tax basis, and taxed when withdrawn as well; but any accumulation of profits during the investment timeframe, known as capital gains, would not be taxed. Kudlow told CNBC this policy, if pursued, may extend to bonds as well as stocks.

Kudlow noted that this and other ideas have yet to be fleshed out, and no decisions have been made.

The development comes as President Donald Trump seeks reelection this fall. He has sought to distinguish himself from his potential Democratic rivals by accusing of them of pursuing “socialist” policies while he has touted tax cuts and deregulation under his administration.

After the Great Recession, the percentage of American households owning stocks fell to 52% from 62% before the crisis, according to Gallup. That percentage reached 55% in 2019, a year when the stock market hit record highs.

The tax break, if enacted, would represent “a pretty substantial amount of money for people” to have for retirement, according to Stephen Moore, economist at the conservative Heritage Foundation and close confidante of the White House.

“That’s the type of thing that would expand ownership,” Moore tells CNBC.

The stock market’s rise under Trump’s tenure is a well-documented point of pride for the president and his top economic officials, who have called the Dow Jones Industrial Average a “barometer” and a “mark-to-market indicator” of the administration’s performance. The S&P 500, seen as the broadest index of corporate performance, has risen 49% since Trump took office.

The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion. A payroll tax cut would become an option only if the economy experienced significant decline, according to two senior administration officials. Separately, Kudlow has suggested cutting the tax rate to 15% for middle-class earners.

Kudlow and Vice President Mike Pence have suggested that the package could be unveiled in early fall, as voters are deliberating whether to elect Trump to a second term.

New tax cuts are “one of the reasons why we’re going to focus so much energy on making sure that not only do we get President Donald Trump four more years in this White House,” Pence said in a recent interview on the Fox Business Network. “But we’re going to make sure that we reelect a Republican Senate and elect a Republican House of Representatives.”

Any tax cuts would need congressional approval to take effect, a tall order while Democrats have the majority in the House of Representatives. For that reason, officials described the proposal that would be made public as “conceptual in nature.”

“It’s sort of an idealistic document,” said a senior official involved in discussions. “Sort of, ‘If you reelect this administration, this is what you’re going to get.'”


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: kayla tausche
Keywords: news, cnbc, companies, trump, stocks, house, according, sources, officials, considering, cuts, buy, president, americans, administration, white, tax, incentive, say, senior


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US health officials will check patients with flu-like symptoms for coronavirus

National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC. U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday. The plan, Messonnier said, is to provide facilities ac


National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC.
U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday.
The plan, Messonnier said, is to provide facilities ac
US health officials will check patients with flu-like symptoms for coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: william feuer
Keywords: news, cnbc, companies, spread, check, patients, virus, wuhan, coronavirus, officials, messonnier, respiratory, national, health, symptoms, flulike, response


US health officials will check patients with flu-like symptoms for coronavirus

National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC.

U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday.

The five labs are in Los Angeles, San Francisco, Seattle, Chicago and New York City. Dr. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases at the agency, said the CDC intends to add more cities in the coming weeks until the CDC has achieved “national surveillance.”

The plan, Messonnier said, is to provide facilities across the country with equipment for lab testing of COVID-19, the new coronavirus. She added that the system would act as an early warning if the virus spreads that would “trigger a change in our response strategy.”

The announcement comes as the number of global cases of COVID-19 passes 64,000, with more than 1,380 deaths, mostly in China. There are just 15 cases in the U.S. This week, three Americans who were evacuated from the city of Wuhan, the epicenter of the outbreak, tested positive for the virus in California and Texas.

More than 600 Americans who were evacuated from Wuhan remain in quarantine, Messonnier said, and they are being closely monitored for symptoms of the virus.

“This is an extra layer of our response that will help us detect if and when this virus is spreading in the community,” Messonnier said. “All of our efforts now are to prevent the sustained spread of the virus in our community, but we need to be prepared for the possibility that it will spread.”


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: william feuer
Keywords: news, cnbc, companies, spread, check, patients, virus, wuhan, coronavirus, officials, messonnier, respiratory, national, health, symptoms, flulike, response


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Watch: World Health Organization holds press conference on the coronavirus outbreak

World Health Organization officials are holding a press conference Friday to update the public on the coronavirus outbreak, which has killed more people than the 2003 SARS epidemic. Now, world health officials are scrambling to determine just how widespread the new coronavirus is. Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva on Thursday. We’ve all seen those clusters, we’ve all seen thos


World Health Organization officials are holding a press conference Friday to update the public on the coronavirus outbreak, which has killed more people than the 2003 SARS epidemic.
Now, world health officials are scrambling to determine just how widespread the new coronavirus is.
Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva on Thursday.
We’ve all seen those clusters, we’ve all seen thos
Watch: World Health Organization holds press conference on the coronavirus outbreak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: william feuer
Keywords: news, cnbc, companies, holds, virus, seen, officials, press, health, cases, ryan, watch, conference, weve, organization, coronavirus, updates, outbreak, world


Watch: World Health Organization holds press conference on the coronavirus outbreak

[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]

World Health Organization officials are holding a press conference Friday to update the public on the coronavirus outbreak, which has killed more people than the 2003 SARS epidemic.

As of Friday, more than 64,000 cases of coronavirus have been reported in over two dozen countries, resulting in least 1,380 deaths, almost all in China. The WHO declared the virus a global health emergency last month, a rare designation that helps the international agency mobilize financial and political support to contain the outbreak.

The number of new cases of COVID-19 appeared to be stabilizing until Thursday, when a change in China’s methodology for determining the disease led to a spike in confirmed cases in Hubei province, the epicenter of the outbreak.

Now, world health officials are scrambling to determine just how widespread the new coronavirus is.

“How big is the iceberg?” Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva on Thursday. “We do know, and we all accept, that there is transmission occurring at some level in communities. We’ve all seen those clusters, we’ve all seen those super spreading events.”

“The question is how much is happening outside what we see?” he said.

The iceberg “might not be that great,” Ryan added. Public health officials around the world have been actively testing suspected cases of the virus, and at the moment they are not discovering a huge amount of new cases, Ryan said.

To see the latest updates on the coronavirus, visit CNBC’s live updates here.


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: william feuer
Keywords: news, cnbc, companies, holds, virus, seen, officials, press, health, cases, ryan, watch, conference, weve, organization, coronavirus, updates, outbreak, world


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