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Deniers of the catastrophe

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There are world leaders who have resisted harder to implement forceful actions against the Covid-19, against the recommendations of the scientific community. The most significant cases are those of Donald Trump in the united States and Jair Bolsonaro in Brazil, who came to affirm that the virus is esfumaría with the heat of spring and that was little more than a flu without importance. Other leaders, such as the belarus Aleksander Lukashenko, continue to think that the coronavirus is a disease that is fought by practicing ice hockey (the national sport of the exrepública soviet) and drinking vodka.

“The leaders who have suggested that the experts are conspiring to deceive the public put at risk the population,” says Celeste Kidd, a psychologist from the University of Berkeley. “When you talk about a head of State also considers that it is someone who has privileged access to experts and data, so it assumes that you are using better information,” he adds.

“The speeches deniers are harmful to people,” coincides in highlighting that Philipp Schmid, psychologist for the Center for Empirical Research in Economics and Behavioral Sciences of the University of Erfurt. “The public discussions and statements of the politicians are highly persuasive to the extent that they can change perceptions of risk, attitudes and behaviors of citizens,” says Schmid, who summarizes that these postures can respond to financial interests or exaltation of their own image. “Measures to tackle the spread of the virus will harm the economy and, therefore, the people who prioritize the financial interests will try to silence voices of science that threaten,” says the psychologist.

The trivialization of the pandemic reminds the negationism that exists around climate change. “If social distancing is seen as a proper measure of the progressive politicians, is going to be a problem. It is very important that this not get caught in the same wars, the ideological climate change,” warns Matthew Hornsey, University of Queensland, Australia, specializing in understand why there are those who reject the messages of the scientists.

The majority of leaders has been retreating before the inexorable reality that explodes in their hospitals. But his statements were put in evidence:

Donald Trump (USA)

“It seems that in April, in theory, when you make a little more heat, it will disappear miraculously [el virus]” declared the american president on the 10th of February, when in the united States, with a population of 327 million people, had only 12 confirmed cases and no deaths. He insisted with his position on the 24th of February, with references to the economy: “The coronavirus is very controlled in the united States. The Bag begins to be very good!”, added. After he predicted: “it’s Going to disappear. One day, as if it were a miracle, it will disappear”.

In the video, a few declarations of the president of the united STATES, Donald Trump, the last march 24: “we’re Not going to let the cure be worse than the problem.” (VIDEO: EPV)

With the time was modulated his mind and attacked the opposition and the media, accusing them of spreading false news about the spread of the virus, until gradually recognized the seriousness and the march 13 declared national emergency. The collapse of the Bags, and a study from Imperial College London which provided 2.2 million dead in the U.S. if no measures were taken were, with safety, after the change of attitude of the president.

Two days after declaring the state of alarm, with 3.499-confirmed cases and 63 deaths in a country in which there are 29 million people without health insurance, said: “it Is a very contagious virus. It is amazing”.

The month of April in which, according to Trump, the heat away to the virus, has arrived, and the forecasts of the White House have changed radically: it is now estimated that viruses kill between 100,000 and 240,000 people in the country. “I want all americans to be prepared for the difficult days ahead. We are going through weeks very difficult,” he said this week.

Jair Bolsonaro (Brazil)

The president of Brazil, Jair Bolsonaro, he denied at first deliberately, the severity of the pandemic and called the reaction “hysteria” in a country inhabited by 209 million people. Among its most significant sentences during the past few weeks: “It’s just a small flu or a cold”; “you are going to die people, I’m sorry, but we cannot stop a car factory because there are traffic accidents”, or “the brazilian is not spread, it is able to dive in a sewer, go out and nothing happens”.

Before the figure of over 600 infected, the past march 20, the Senate declared the country in a state of public calamity. The governors of the States, gradually, since mid-march, recommended to the citizens to stay home and ordered the prohibition of large gatherings, closure of schools, malls, movie theaters and stadiums. Some actions in line with the advice of social distancing of the minister of Health of Brazil, which began to take on a leading role in the management of the crisis by over Bolsonaro, despite the evidence, not comulgaba with these premises.

Up until last Sunday, Bolsonaro, who argues that the quarantine to be restricted to the risk groups, we walked through several markets and spread that you had to keep working. “Death is there, if God wants. You can’t be stopped. If you do not die of disease, starve to death,” said the politician among traders.

But there was a twist hours later: made a public statement, and unprecedented, in which it acknowledged that it is “the greatest challenge” of his generation. In the last two days, on his Twitter account, practically only spread the actions it performs against the virus, such as sending equipment to the hospitals and distribute test, although it maintains as a priority the work activity and this Thursday has approved a basic income for 60 million informal workers for three months. “Together, with courage, serenity and patriotism, we will win the battle against this epidemic and its effects! I will fight with all our forces to protect our nation!”, published last Wednesday.

Aleksander Lukashenko (Belarus)

To the president of Belarus, the best against the coronavirus is the hockey, drink vodka, take saunas, and working with a tractor in the field. Lukashenko, in front from 26 years ago of a country with 9.5 million inhabitants, has described the response to the pandemic as a “psychosis of the West”. Has minimized the social distancing measures, and attends mass ice hockey matches. “It is better to die standing than to live kneeling,” said the leader, who has maintained the celebration of the games of the football league belarus to expectation of the rest of the world.

In Belarus there are very few infected with regards other european countries, and Lukashenko looks amazed what they do to their neighbors, and even protested when Russia closed the border. ”In this life everything is possible. But the important thing is not to fall in panic”, said the leader of belarus on the 24th of march. “What I fear most is that people are sick of a psychosis, by what happens in the media.” Sporting events are still allowed and the universities continue the classes.

Gurbanguly Berdimuhamedovn (Turkmenistan)

The Government of Turkmenistan, which has border with Iran —one of the first countries to detect infected from China, has banished the word coronavirus of the Administration and the independent media reported that the authorities conceal the pandemic and stop to those who talk of the crisis in public or wear a mask.

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What Most People Fail To Understand About Money: Tips For Better Financial Health

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Managing your personal finances need not be as tricky as you may expect. It becomes more achievable once you have your broader objectives in place. While focusing on your life goals, you can plan ahead to secure your financial future. 

Does Chasing Money Resolve Financial Woes?

Merely accumulating wealth at the cost of neglecting your loved ones and pursuing your passions is not the answer. To lead a comfortable life, a steady monthly income that pays for your necessities and other expenses is sufficient. Ultimately the funds you have to fall back on before your next paycheck reveals your financial independence. 

How to Manage Monetary Resources?

Money is a necessity that determines the quality of life you lead. Improving your financial position may sound daunting but conscientiously working towards it step-by-step, makes the ride less stressful. Adopt these measures to secure your future: 1. Practice Saving  The instant gratification you get on spending your earnings may be more tempting than setting aside a part as savings. Your savings can cover you for even emergencies like an illness or job loss. Once you get into the habit of saving regularly not conveniently, it becomes second nature. 2. Get a Head-start An earlier start to securing your financial future allows you greater flexibility. Priorities change as life progresses and your retirement is one of the many landmarks to cater towards. You can achieve bigger goals by indulging in financial planning from a young age. 3. Think Before Spending Excessively The fact that you have acredit card no credit checkshould not make you throw caution to the wind. Eventually, your excessive purchasing comes back to haunt you, especially when there are more pressing needs to fulfil. As you are aware, your credit card dues when not cleared on time and paid in full attracts interest.  4. Invest Through a Financial Advisor A qualified professional who understands the financial markets can guide you on making lucrative investments. There are plans and funds which when you invest in, yield fruitful dividends for you. Give your capital time to grow and consider it locked-in for the period it needs to multiply. 5. Limit Your Debt The cycle of debt sets of a chain reaction, especially when you divert your savings to clear all pending dues. It is not wise to dig into funds set aside for contingencies as rebuilding them is a massive exercise. You invest and save for your future, but one wrong move and the entire purpose stands defeated. 

Should Financial Health Be A Priority?

All your monetary decisions and steps are taken to achieve that end, impact your financial health. Once you focus on the latter, your stress levels automatically subside in favour of your emotional and physical well-being. To develop a sound financial plan, begin by monitoring your petty expenses as these tend to add up quickly. Subsequently, examine your higher costs and cautiously add to your payment list to avoid derailing your financial progress. 

The tips suggested here help you focus on your financial health by building a sturdy foundation:

1. Calculate Your Net Worth Subtract your assets from your liabilities to determine your net worth. Being aware of what you owe against what you own gives you a reality check. Tracking your net worth helps you check your progress by identifying secure areas and those that need improving. 

2. Draft a Realistic Personal Budget Having a budget for reference is a useful financial tool that serves as an estimate of your income and expenses. It helps you to spend wisely, reduce your expenses, prioritise saving and cater for emergencies.  When your expenses exceed your income, you must work towards reducing your outgoings and identifying ways of generating funds. In the reverse scenario, you can save more by investing the surplus wisely. Even if you make more money, excessive spending is often the root cause of overwhelming debt, so stay alert. 3. Identify Needs and Wants Better spending choices are possible when you can successfully differentiate between your needs and wants. For survival, you need to spend on food, healthcare, clothing, transport and shelter whereas wants do not help you survive. Prioritise your primary needs and budget for luxury indulgences only when you have resources at your disposal. 

4. Create an Emergency Fund Regularly setting aside money for emergency purposes does not leave you stranded when an unexpected situation arises. A sudden job loss, injury or illness takes a massive toll on your existing finances. Consistently building and maintaining this emergency fund is an ongoing mission and prepares you to face the worst storm.

5. Pay Off Your Debts A good credit score keeps your financial health intact so to achieve it, repay your debts within the stipulated duration. Even lending institutions you may approach to sanction a loan will first do their due diligence. Paying off accumulated debts without incurring interest on them improves your credit rating and reduces your financial stress.

6. Become an Informed Consumer Having clarity on your investments and recurring liabilities like interest rates and insurance premiums, make you an informed consumer. You do not have to be a financial whiz but certainly, need to be familiar with whatever impacts you directly. Educate yourself on how to check credit score so you can confidently approach banks knowing you are not a defaulter. 

7. Maintain Up-To-Date Records Systematically maintaining your financial records serves you well in times of need. For instance, you can quickly sift through your documents and provide the necessary proof to file your returns. Your tax consultant can be of greater help when all your relevant details are accessible and updated.

8. Seek Professional Help A financial advisor whom you can trust with your finances will do a thorough job of managing your funds. They can recommend investment options that best suit you and even help you understand the risks involved. Approaching a professional who can steer you towards achieving your financial goals is the best strategy to adopt.

Conclusion Building wealth takes time yet, crossing that threshold assures your financial wellness. Adopt healthy money habits and strengthen your monetary position by consistently inching towards your financial goals. 

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The Spanish company that spied on Assange investigated whether he had been father during his confinement in London

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The actor and friend of Julian Assange, Stephen Hoo, entering the ecuadorian embassy with one of the sons of Assange that was passed through his, in a video capture of 2017.
The actor and friend of Julian Assange, Stephen Hoo, entering the ecuadorian embassy with one of the sons of Assange that was passed through his, in a video capture of 2017.

The espionage to which he was subjected, the founder of Wikileaks, Julian Assange, by the Spanish company security Undercover Global SL during his confinement of seven years in the Embassy of Ecuador in London included their most intimate relationships. We watched all the visits you received during your stay and we investigated the possibility that it had been a parent during the running of the bulls, one of their biggest secrets, and as now has just revealed its partner, the lawyer Stella Morris. The an ex military man David Morales, owner of the security company, is being investigated by a court of the National court for spying on the meetings of Assange with his legal counsel and deliver supposedly this material to the CIA.

In English

The suspected Morales was a minor who entered the Embassy of Ecuador in London hanging in a backpack baby carrier charged by the actor Stephen Hoo could be the son of the cyberactivist (48 years old) and Morris (37 years old), for what was recorded during all of your visits to the legation diplomatic. Morales came to ordering the theft of the diaper to analyze the feces, and be able to clarify their research, even though later was not necessary the removal of the remains. Were also reports about his mother and about Hoo, the friend of the couple who came to visit the founder of Wikileaks with the baby, according to videos and documents which had access THE COUNTRY.

An employee of the Spanish company warned the lawyer of the intentions of Moral: “they Wanted to prove that it was his son to try to harm him. They came to talk with three laboratories of Madrid to see how they could prove the theme parental. One of the laboratories told us that the stools could not obtain the DNA. Then he tried to get his pacifier,” explains a extrabajador of Undercover Global SL.

A company report about the visits of Stephen Hoo, dated October 27, 2017, is an example of the obsession of Morales and his team for unveiling the best kept secret of the cyberactivist and know the most intimate details of his personal life during his confinement in the ecuadorian Embassy in London.

The document is entitled Usual visit of the guest (Assange) with a baby and he emphasises that his friend Hoo whenever you go to the Embassy with a minor “who claims to be his own security team”, and that had not been identified “for being under age.” The editor of the text he noted that they have unsuccessfully requested a document certifying the identity of the child and stresses that after the actor always appears Stella Morris, “which arrives minutes before and up minutes after Stephen Hoo, when usually it stays during the day with the guest and even spends entire nights with them”. After the notice of the worker to Morris, the visits of the baby ended.

“Stella Morris arrives at the Hotel (the embassy) to 13.49 and up-to 16.11 while Stephen Hoo arrives at 14.06 and up-to 15.56 on the 25th of November,” the report details, in the enclosed two photographs of Hoo entering the hall of the embassy and carrying in a sling to one of the sons of Assange. Then, it describes details about the actor picked up from the british press, and speculates with the idea that it is not the father of the child.

And finally concludes: “On the basis of the information related to the possibility that the host (Assange) has been able to be a father during his confinement in the Embassy, and the recent visits that we are getting this baby the same, always accompanied by Stella Morris, raised the possibility that due to the emotional ties that it maintains with the host, does not rule out that the baby might have some kind of relationship between the two. Even so we can not confirm with the data obtained from this to be so, so that we continue to work on obtaining evidence that might give us a result more successful”.

Morris, who has declared that intend to marry Assange, just to reveal the secret of who is the mother of two children with Assange to british newspaper Mail on Sunday after you’ve done it before the judge who ordered the provisional release of the cyberactivist with the argument of their family roots. Since his expulsion from the embassy, Assange remains a prisoner in a jail in london. The US demands his extradition for 18 alleged crimes that raise the penalties up to 178 years in prison.

Morales was arrested last October, is on probation and is being investigated for alleged offences against privacy, against the secrecy of the communications, attorney-client, misappropriation, bribery and money laundering. The investigation was ordered by the judge José de la Mata and began weeks after THE COUNTRY revealed the videos, audios and reports which show that this company, based in Jerez de la Frontera spied the meetings of the Wikileaks founder with his lawyers and co-workers.

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U.S. bank earnings suggest coronavirus-driven rough patch for earnings of Canadian lenders

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Canada’s biggest banks are right in the thick of a tough quarter, judging by the rocky results their American cousins are posting this week.

JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. all reported big drops in earnings for the three months ended March 31, as the lenders were forced to set aside piles of cash in case consumers and businesses are forced to default on their loans because of the coronavirus crisis.

The parallel isn’t perfect, but the biggest U.S. lenders can herald what’s to come for Canada’s Big Six. All of the largest Canadian banks have operations south of the border, and the trends in the results from JPMorgan, the biggest bank in the U.S., are “also very relevant to the Canadian marketplace,” National Bank Financial analyst Gabriel Dechaine wrote Tuesday.

“We expect to see similar outcomes in terms of credit performance, margin compression, trading revenue generation and loan growth” in Canada, Dechaine wrote in a report. “On the latter item, we are hearing of the same trend in Canada.”

Like their counterparts in the U.S., Canadian banks are facing interest rates that have been lowered to essentially zero, squeezing what they can charge for loans. Customers are also losing their jobs, threatening their ability to keep up with debt payments.

Still, loans have been growing, with JPMorgan’s corporate clients borrowing more than US$50 billion from existing lines of credit as the crisis ramped up and companies scrambled to get cash. Growing loan balances could mean more revenue from interest payments on those loans, but during the current crisis, the ability of some borrowers to repay has suddenly come under threat because of the closure of non-essential businesses and a drop in consumer demand.

Banks must also hold a certain amount of capital relative to the size of their loans, and set money aside for possible losses.

JPMorgan reported provisions for credit losses of almost US$8.3 billion for its first quarter, which included US$6.8 billion to further build up its reserves. For the same quarter of 2019, the bank’s credit costs had been about US$1.5 billion, with the additional money socked away this quarter reflecting “deterioration in the macro-economic environment as a result of the impact of COVID-19 and continued pressure on oil prices,” the lender said.

If the biggest bank in the U.S. feels the need to set aside a massive amount of money to cushion the blow of the COVID-19 recession, then Canada’s banks likely will too, as their accounting similarly requires earmarking funds for expected loan losses. Those expectations are influenced by the economic outlook.

“So you can take a look at the U.S. banks and say, ‘this is a roadmap for what the Canadian banks are going to have to put up in similar fashion,’” Barclays analyst John Aiken said in an interview.

Exactly how much Canada’s banks will have to set aside could vary given the uncertainty about the duration of the pandemic and the recession. But credit provisions are “the biggest swing factor in bank earnings,” Aiken said, because they can be big and there is no offset for them. Items such as trading revenue do have offsets, though, such as bonuses paid to stock and bond traders.

“The benefit they receive from trading is not going to be enough to stabilize earnings,” Aiken said.

It is very likely we will see a rise in bankruptcies and a permanent decline in economic activity and a prolonged increase in unemployment

Charles St-Arnaud, chief economist, Alberta Central

Big Canadian banks will report results in May for the quarter covering February, March and April, meaning there is likely to be a heavier COVID-19 influence on the results than those of the U.S. banks, which still booked profits. Canadian households and businesses were also carrying a relatively higher level of debt going into the crisis.

“As such, it is very likely we will see a rise in bankruptcies and a permanent decline in economic activity and a prolonged increase in unemployment,” wrote Charles St-Arnaud, chief economist at Alberta Central, the central banking facility and trade association for the province’s credit unions, in a report published Wednesday.

Nevertheless, the expectation is that the large Canadian lenders will be able to weather the storm, even if their near-term profits take a hit. The Bank of Canada said in the monetary policy report it released on Wednesday that the stress-testing it does on the big lenders shows they are “well positioned” to ride out a sharp economic and financial downturn.

Canadian regulators are also giving banks a break when it comes to deferred loan payments, which the lenders are granting to customers facing financial hardship during the pandemic. Those deferrals could keep borrowers from defaulting on their obligations.

While there is going to be an increase in loan-loss allowances, “I don’t think it’s going to be the fire and brimstone that some investors may be envisioning,” Aiken said.

The payment deferrals are similar to what the banks did with energy companies in the wake of the shock to oil prices five years ago, Aiken said. At that time, the lenders worked with the borrowers to rejig their arrangements, ultimately allowing the banks to recover some losses for which they had initially provisioned when oil prices rose again.

“They do not want to put companies and individuals into bankruptcy, because they’re just going to be stuck with assets that they don’t want to manage,” Aiken said.

• Email: gzochodne@nationalpost.com | Twitter:

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