Why I think it could be time to sell Standard Life Aberdeen

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Why I think it could be time to sell Standard Life Aberdeen “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves owns Standard Life Aberdeen. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rupert Hargreaves | Tuesday, 25th February, 2020 | More on: SLA center_img Image source: Getty Images In the past, I’ve been positive on the outlook for the Standard Life Aberdeen (LSE: SLA) share price. However, recently, my opinion of the company has started to change as it’s looking increasingly out of place in the rapidly changing wealth management industry.Rapidly changing marketStandard Life merged with Aberdeen Asset Management with the goal of building a wealth management powerhouse. The dealmakers believed that the two businesses would be able to achieve strong economies of scale, leading to higher margins and better profits.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Although the two companies have benefitted from synergies, this hasn’t translated into higher earnings. In 2019, management announced that total cost savings would hit £400m by the end of 2020. Unfortunately, City analysts are expecting net income across the combined groups to fall by £17m, from £455m in 2019 to £438m in fiscal 2020.The problem is, it seems Standard Life’s offering not longer appeals to customers. Current estimates suggest investors pulled £33bn from the company’s funds last year. That’s equivalent to 6.5% of assets under management.If these estimates are correct, it will confirm Standard Life’s offering not longer appeals to customers and investors are rushing out of the firm’s funds into lower-cost passive offerings. Hidden value We’ll have to wait until Standard Life publishes its full-year results later this year to see if these figures are correct. If they are, the business looks expensive at current levels. It’s dealing at a price-to-earnings (P/E) ratio of 16.5 at the time writing. That’s a premium valuation for a shrinking business.Still, as I’ve noted before, there are many parts to Standard Life, including its Indian business and stake in FTSE 100 peer Phoenix. When these assets are stripped out, the valuation does look more appealing. City analysts reckon the core business is trading at a low-teens multiple when you remove these none-core businesses.Nevertheless, while there’s hidden value in the business, the decline of the group’s core operating unit is concerning.Asset sales continueFor the time being, Standard Life can continue to sell its non-core assets. These sales are helping the business bolster its balance sheet and fund its attractive dividend yield. The stock currently offers a dividend yield of 7%.But these asset sales can only continue for so long. As such, if earnings continue to fall, there’s a good chance the company could cut its dividend. This could cause a sudden, negative re-rating of the stock.With this being the case, Standard Life no longer appears to be the rock-solid income investment it once was.Therefore, if it’s income investments you’re looking for, it might be better to search elsewhere in the FTSE 100. There are several other companies with better growth prospects that offer dividend yields of 5% or more in the index that seem undervalued right now. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Enter Your Email Address See all posts by Rupert Hargreaveslast_img read more

South Africa retain USA Sevens title with tense victory over New Zealand

first_imgMonday Jan 27, 2014 South Africa retain USA Sevens title with tense victory over New Zealand The South African Sevens team beat New Zealand 14-7 in a tense Cup Final at the Las Vegas Sevens on Sunday. It’s the second year in succession that they’ve won in Vegas, taking them top of the overall world series standings, one point ahead of New Zealand.South Africa beat Samoa to reach the final while New Zealand came through against Canada, who got an early lead but weren’t able to capitalise. The Canadians came third overall though, beating Samoa in a thrilling third place playoff that saw them come back from 12-0 down to win 22-19.The USA won the Shield, Fiji won the Bowl and England won the Plate on another enjoyable weekend of Sevens rugby in the entertainment capital of the world. South Africa’s win over the bigger All Blacks Sevens team is their fifth in succession, a record that started back in 2012.“Unbelievable feeling, but well deserved for the players. They work hard back home and it is all credit to their them. The guts, the commitment it is unbelievable,” said coach Neil Powell. “We really work hard on our defensive structures, and even the smaller guys like Cecil and Branco throw themselves into the tackles and punch well above their body weight.”The series now heads to Wellington, for which the pool draw was made last night. South Africa will be in Pool A with England, Wales and Portugal, while New Zealand take up Pool B with Fiji, France and Spain. Pool C is made up of Canada, Argentina, Scotland and USA, while a tough Pool D has Samoa, Australia, Kenya and Tonga.View Day Two Highlights | View Day One HighlightsAll the highlights from day two of play at the Sam Boyd Stadium in Las VegasADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Sevens Related Articles 66 WEEKS AGO Part three of the award winning USA 7s documentary… 107 WEEKS AGO Table topping Fiji fly past Australia to… 114 WEEKS AGO WATCH: Touching jersey ceremony for young… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Rowlands Pharmacy raises £250,000 for NSPCC over six years

first_img Staff and customers of Rowlands Pharmacy have raised £257,802 for the NSPCC since the partnership began in 2006.Last year the 509 branches around the UK raised more than £34,000 for the children’s charity and set the target of £40,000 for 2012/13 to bring the total to £250,000. This figure was achieved at the company’s annual charity ball last month, which raised more than £21,000 on the night.All 5,000 head office and branch staff from Rowlands took part in the ‘Go Green Day’ in April 2012 which raised over £15,000 for the NSPCC and six staff runners took part in the Virgin London Marathon to raise over £12,000.Rowan Gill, Corporate Fundraising Manager at the NSPCC said: “Rowlands set themselves the challenge of breaking £250,000 total this year and have reached this figure in just three months of fundraising! This is the biggest amount Rowlands has raised for us in less than a year and who knows where the total will be by March 2013.”www.nspcc.org.uk Rowlands Pharmacy raises £250,000 for NSPCC over six years Tagged with: corporate AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 26 July 2012 | News  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

La lucha gana cambio de nombre racista

first_imgLos residentes de San Antonio, Texas, finalmente ganaron después de casi tres años solicitando y pidiendo a la junta escolar local del Distrito Escolar Independiente de San Antonio North East (NEISD) que cambiara el nombre de Robert E. Lee High School. Están pidiendo un nombre que refleje valores e historia que no celebra dos siglos de racismo y prejuicio racial.El arduo trabajo comenzó con una estudiante valiente y determinada, Kayla Wilson, hoy una alumna de esa escuela.En 2015, Wilson, entonces un estudiante de último año, comenzó una petición solicitando un cambio de nombre para la escuela. Su petición fue motivada por comentarios del ex alcalde de San Antonio, Julian Castro, después de que Kentucky retirara un monumento confederado a Jefferson Davis del Capitolio estatal.Poco después, las solicitudes de Wilson de cambio de nombre a la escuela fueron rechazadas por residentes, en su mayoría blancos y latinos, diciendo que este movimiento fue la venganza de un estudiante solitario y que no hay ninguna razón para cambiar la historia de la ciudad debido a que un solo estudiante se ofendiera por el nombre. Sin embargo, ignoraban las casi 11.000 firmas en dos peticiones en dos años y el hecho de que la escuela secundaria ha tenido una población estudiantil negra más baja que la mayoría de las otras escuelas en el distrito.Otros opositores han ido tan lejos como para afirmar que la solicitud de un cambio de nombre es un esfuerzo deliberadamente divisivo para aumentar las tensiones raciales en la escuela y el distrito. Dicen que la escuela siempre ha sido un “lugar seguro” para personas de todos los orígenes étnicos. Afirman que históricamente no ha habido tensiones raciales en la escuela, aunque esto pasa por alto que la mayoría de los estudiantes de la escuela secundaria Robert E. Lee son blancos.Para los estudiantes negros, el nombre es un recordatorio constante de los más de 200 años de esclavitud y el tratamiento de Jim Crow de sus antepasados. Se especula que esta es la razón de la baja tasa de estudiantes afroamericanos que van a la escuela, en comparación con otras escuelas en el distrito.Otros residentes mostraron su apoyo. Algunos dijeron que hasta hace 30 años se preguntaban por qué el distrito estaba glorificando a un general confederado en lugar de a una persona o un tema que celebraba valores más progresistas e inclusivos. Algunos llamaron al miembro de la junta de NEISD, Edd White, que es afroestadounidense, por su silencio sobre las múltiples solicitudes de cambio de nombre realizadas durante un período de tres años.Progreso lento contra la injusticia racial El progreso en los estados del sur ha sido lento pero inexorable. Este 1 de septiembre vio la eliminación de otra estatua confederada en San Antonio: el monumento de Travis Park a los “muertos confederados”. A menudo citada como la primera estatua conmemorativa en San Antonio, fue erigida en 1900 y pagada por las Hijas de la Confederación.En una reciente declaración, Patricia M. Bryson, presidenta general de las United Daughters of the Confederacy, dijo: “Nos entristece que algunas personas encuentren algo relacionado con la Confederación que sea ofensivo. Nuestros antepasados confederados fueron y son estadounidenses. Nosotros, como organización, no juzgamos ni imponemos los estándares del siglo XXI a estos estadounidenses del siglo XIX”.¿Los residentes de la Alemania del siglo XXI sienten así su herencia de las atrocidades fascistas y racialmente motivadas por los nazis? ¿Deben las banderas nazis y las estatuas de Adolf Hitler o Heinrich Himmler retener lugares prominentes de la vida pública porque es su herencia e historia?Algunos residentes de San Antonio pueden sentir que la eliminación de estos monumentos y cambios de nombre es un ataque a su herencia e historia. Es fácil pasar por alto cuando su herencia es la del opresor y no la de los oprimidos. La Junta de Síndicos de NEISD finalmente acordó el 29 de agosto cambiar el nombre a raíz de la violencia de motivación racial que estalló en Charlottesville, Virginia. Ese incidente provocó una conciencia nacional sobre la presencia de monumentos confederados en muchos estados.Las peticiones para el nuevo nombre de la escuela fueron aceptadas hasta el 25 de septiembre. La junta escolar solicitó que “el nombre refleje una idea, no una persona”. “También declaró que preferiría un nombre que sea “integro” y “receptivo e identificable para el público en general”.Aplaudimos a Kayla Wilson y sus compañeros residentes por su determinación de no permitir que estos monumentos al prejuicio racial conserven su prominencia y nos solidarizamos con su lucha contra más de 200 años de injusticia racial.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

National Weather Service issues flash flood watch for North Texas

first_img Website| + posts Youngest TCU Graduate to date Fort Worth set to elect first new mayor in 10 years Saturday SGA elections: A guide to candidate platforms printThe National Weather Service is reminding North Texas residents to be mindful of excessive rain this weekend after issuing a flash flood watch for Thursday night. The watch is set to expire Sunday evening, according to the National Weather Service.Fort Worth areas such as Overton Park and McCart Avenue near TCU campus are among those prone to flash floods.The National Weather Service said areas of North Texas may receive anywhere from 3 to 6 inches of rain from Thursday through Sunday. TCU’s EIF plays with real money on Wall Street Kat Matthews Facebook Kat Matthews is a managing editor for TCU360. She is an active coffee enthusiast and spends more time playing with her dog than she should. Kat also lives in the TCU Convergence Center, so if someone wanted to make her day, that someone should send a large pizza her way. The National Weather Service also said on their twitter page to watch for flash flooding of low lying areas such as small creeks areas with poor drainage.2:20 p.m. 10-22-15: This story has been updated. A previous version of this story said the National Weather Service issued a flash flood warning, not a flash flood watch.  Twitter Kat Matthewshttps://www.tcu360.com/author/kat-matthews/ Twitter Kat Matthewshttps://www.tcu360.com/author/kat-matthews/ Abortion access threatened as restrictive bills make their way through Texas Legislature Linkedin Kat Matthewshttps://www.tcu360.com/author/kat-matthews/ Seniors Speak Up about life lessons Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store ReddIt ReddIt Facebook Previous articleThe Skiff: October 22, 2015Next articleFall brings festivals to Fort Worth Kat Matthews RELATED ARTICLESMORE FROM AUTHOR Linkedin Kat Matthewshttps://www.tcu360.com/author/kat-matthews/last_img read more

3-year development plan for Northwest region launched

first_img 3-year development plan for Northwest region launched Man arrested on suspicion of drugs and criminal property offences in Derry Gardai continue to investigate Kilmacrennan fire WhatsApp News Google+ WhatsApp Google+ Facebook Twitter 75 positive cases of Covid confirmed in North Twittercenter_img Pinterest Facebook Previous articleAthletics – Smyth 4th in European SemiNext articleOmagh £350 million development may actually cost jobs News Highland By News Highland – July 30, 2010 Main Evening News, Sport and Obituaries Tuesday May 25th Failte Ireland has today announced the development of a forum which will focus specifically on spearheading and overseeing a 3-year development plan for tourism in the northwest region.Failtre Ireland northwest is made up of business and political representatives along with tourism service providers.The announcement comes as new figures show the number of trips to Ireland from overseas in May dropped by more than a fifth, compared to the same month in 2009.Paul McLoone, Head of Operations with Fáilte Ireland in the North West; says with that in mind the new forum will have its work cut out:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/paul1pm.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Pinterest 365 additional cases of Covid-19 in Republic last_img read more

Four men arrested in Lyra McKee murder probe

first_img Arranmore progress and potential flagged as population grows Pinterest Important message for people attending LUH’s INR clinic Four men arrested in Lyra McKee murder probe Police investigating the murder of journalist Lyra McKee have arrested four men aged in Derry this morning.The arrests have been made under the Terrorism Act after the New IRA claimed responsibility for murdering Lyra, who was shot dead in the Creggan area of the city on 18 April 2019.All four men, aged 20, 27, 29 and 52 have been taken to Musgrave Serious Crime Suite in Belfast for questioning.Following the arrests, the Senior Investigating Officer, Detective Superintendent Jason Murphy renewed his call for the public to help him bring Lyra’s killers to justice.In a statement the Detective Superintendent said that he always believed that some people within the community know what happened and who was involved.He has previously given personal assurance relating to anonymity for the purpose of this investigation and has renewed this assurance today, as thethe anniversary of Lyra’s murder approaches:I want the community in Creggan to think about how that horrific attack impacted them personally and how it impacted the entire community.We saw widescale revulsion after Lyra was murdered and I remain determined to work with the community and local policing to convert that revulsion into tangible evidence to bring those who murdered Lyra to justice.“I also know that many people were recording mobile phone video clips that night and whilst we had a huge response to my initial appeal for those videos, I believe that others may exist. I would ask anyone who has mobile phone footage to upload it onto our Major Incident Public Portal at www.MIPP.police.uk.” Google+ RELATED ARTICLESMORE FROM AUTHOR Pinterest Facebook WhatsApp Twitter Homepage BannerNewscenter_img Twitter Previous articlePat the Cope Gallagher reaction after losing seatNext articleGardai investigating aggravated burglary in Buncrana News Highland By News Highland – February 11, 2020 Google+ DL Debate – 24/05/21 News, Sport and Obituaries on Monday May 24th WhatsApp Facebook Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

Gardai disperse large gathering of youths in Culdaff

first_img By News Highland – April 25, 2021 Gardai disperse large gathering of youths in Culdaff Pinterest Google+ Google+ Twitter Twitter Nine til Noon Show – Listen back to Monday’s Programme Facebook They are appealing to parents/guardians to speak to/advise their youths in relation to the potential consequences of underage drinking and also in relation to meeting up in groups and the associated risks due to Covid-19. Gardaí from the Buncrana District were on patrol last night when they discovered a large gathering of youths at the football pitch and at the beach in Culdaff.The youths had a quantity of alcohol in their possession.Gardai say besides the fact that these young people are not the legal age to drink alcohol, such gatherings pose a risk to the youths themselves, their family circle and also the wider community as Covid-19 has not gone away. Facebook WhatsApp Previous article429 new cases of Covid-19 confirmed today, one additional deathNext articlePremier Division Review: Defeat for Harps as Derry get first win News Highland Arranmore progress and potential flagged as population grows Pinterest Homepage BannerNews News, Sport and Obituaries on Monday May 24th WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Community Enhancement Programme open for applicationslast_img read more

Legend of Woodlawn: Erwin shares Woodlawn story with students

first_imgLatest Stories Remember America’s heroes on Memorial Day Book Nook to reopen Plans underway for historic Pike County celebration Print Article Hank Erwin, the inspirational leader at Legendary Woodlawn High School shared the Woodlawn story with students at Pike Liberal Arts School Tuesday. During the week he also shared the Woodlawn story with Troy University, Johnson Center for the Arts and Troy Rotary Club.“Woodlawn: The True Story” began as a bedtime story for Hank Erwin’s sons Andy and Jon.Today, the movie is heralded as a powerful faith-based film that tells the true story of the Woodlawn High School football team and the spiritual awakening that captured the heart of nearly every player on the team.Erwin and his wife, Shelia, were in Troy for several days this week sharing the Woodlawn story with students and organizations in the city. Published 3:00 am Thursday, August 25, 2016 Troy falls to No. 13 Clemson Email the author Pike County Sheriff’s Office offering community child ID kits Erwin is a central figure in the movie that was directed by his sons.“When my sons would ask me to tell them a bedtime story, I wouldn’t tell them King Arthur stories,” he said. “I would tell them Woodlawn stories. I would tell them about the time God came down and played football.”Although the idea for “Woodlawn” originated in two little boy’s bedroom years ago, Erwin was primed for a featured role when he was a student at Troy University in the mid-1960s.center_img Legend of Woodlawn: Erwin shares Woodlawn story with students As a member of the 1967 Troy State University baseball team, Erwin came to the realization that he should not play for his own glory but for the glory of God.As a member of Wales Goebel Ministries in Birmingham in 1974, he was called upon to speak to the Woodlawn High School football team in an effort to ease the racial tensions among the athletes in the newly desegregated school.“The school was a racial hotbed,” said Shelia Erwin, who was an intern at the school. “The black students didn’t want to be there. They wanted to be at their own school where they were the class presidents and the captains on the football team. At Woodlawn, they were not a part of anything. And the white students didn’t want them there. Nobody was happy.”Racial tensions caused name-calling and knives to be drawn. The situation was volatile. By Jaine Treadwell Sponsored Content Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… “The cheerleaders were the ones who asked for help in relieving the tension,” Shelia Erwin said. “They had boyfriends on the team and they realized something had to be done.”That’s when Hank Erwin was asked to speak to the team.“Woodlawn” is the story of the magnitude of what God did to relieve the racial tensions and how He changed hearts and attitudes from hate to love.The Woodlawn players listened to Erwin’s message that there was one hope, one truth and one way to the spiritual healing that must take place to bring unity and harmony to the team. That one way was through a revival that would lead to changed hearts.“There in that locker room, the players – nearly everyone of them – came to Christ,” Erwin said. “They knelt together and got up loving each other.”The story of the 1974 Woodlawn High School vs. Banks High School football state championship game that was played before 42,000 fans at Legion Field in Birmingham is the culminating story of “Woodlawn.” More than 20,000 people were turned away from what is still the biggest high school football game played in Alabama.Erwin said the atmosphere was electric.“There were signs all around the stadium with Bible verses on them,” Erwin said. “The teams ran onto the field through banners with scriptures on them. ‘One Way’ was the battle cry. They played for the glory of God. There were no losers in that game.”Erwin shared the Woodlawn story with the students at Pike Liberal Arts School Tuesday. He said racial tensions were healed at Woodlawn because the students were “all in” to what God can do.“Woodlawn has become a legend,” he said. “People all across the country know the Woodlawn story. It’s a story that changed the hearts of a football team, their school and their community. It’s Woodlawn.” You Might Like Jones, Henderson win Troy council seats; Brundidge mayor, council head to runoff Editor: Updated at 8:05 a.m. to correct Cynthia Pearson vote totals. Jason Reeves will be back for four more years… read more By The Penny Hoarder Around the WebIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthBet You’re Pretty Curious About Jaden’s Net Worth Right About Now, HuhBradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Coronavirus updates: Fauci warns reopening US too soon could ‘backfire’

first_img11:40 a.m.: 40 deaths among NYC homelessThe homeless are especially vulnerable to the coronavirus, and in New York City, at least 40 people experiencing homelessness have succumbed to the virus, according to the Department of Social Services.Those 40 people are among the 615 homeless individuals who have tested positive for the coronavirus in New York City. 11 a.m.: US, Canada and Mexico agree to keep border closed to nonessential travel for another 30 daysThe U.S., Canada and Mexico have agreed to keep their borders closed to nonessential travel for at least another 30 days, Homeland Security officials said Monday.In addition to the restrictions on legal travel, U.S. Customs and Border Protection is still refusing entry to unauthorized travelers and immediately removing those who cross illegally under an expedited process that largely cuts out the typical administrative review process.In March, federal authorities deported or “expelled” more than 6,300 unauthorized immigrants from the border “in the interest of public health.”10:05 a.m.: NYC cancels June events including Pride MarchIn hard-hit New York City, all nonessential permitted events for June — parades and concerts — have been canceled, Mayor Bill de Blasio said Monday. Among the annual June events in New York are the Puerto Rican Day parade and the Pride March. This would have been the 50th anniversary of the LGBTQ Pride March, which the mayor called a “very very big deal.”A lot of these events will be postponed, de Blasio stressed. Data out of New York City appears to be improving, which the mayor called “damn close to what we’re looking for.”The number of people admitted to hospitals on Friday was 317, and that fell to 212 on Saturday.The number of people in intensive care units stayed nearly flat, from 849 Friday to 853 on Saturday.The percentage of people who tested positive for the coronavirus citywide fell from 38% on Friday to 34% on Saturday.8:05 a.m.: Fauci warns reopening US too soon could ‘backfire’Dr. Anthony Fauci, the nation’s top medical expert on the coronavirus pandemic, warned Monday that reopening the U.S. economy too soon could “backfire.” “Unless we get the virus under control, the real recovery economically is not going to happen,” Fauci told ABC News Chief Anchor George Stephanopoulos in an interview on Good Morning America.“If you jump the gun and go into a situation where you have a big spike, you’re going to set yourself back,” he explained. “That’s the problem.”Fauci, the director of the National Institute of Allergy and Infectious Diseases, said the United States is currently conducting about 1.5 to 2 million COVID-19 tests per week and is “certainly going to need more.” “We need to get up to at least maybe two times that, three times that,” he said. “But we will as we go into the coming weeks.” Fauci noted that tapping into “unused capacity” is equally important, so that states can identify and isolate cases as well as trace contacts. “What we need to do is make a better connectivity with the tests that are available as well as the capacity that in some cases is not used, through no fault of the governor or the local people,” he said. “There’s got to be a meeting of the two.”7:21 a.m.: New York state begins coronavirus antibody testing surveyNew York state on Monday began conducting antibody tests to help determine how many residents were previously infected with the novel coronavirus.The testing survey will sample 3,000 people across the state to help determine the percentage of the state’s population that is now immune to the virus, allowing more individuals to safely return to work, according to a press release from New York Gov. Andrew Cuomo’s office.Shoppers at grocery stores in different regions of the state will be recruited to participate in the survey, and those who agree will provide a fingerstick blood sample that will be tested at the state-run Wadsworth Center in Albany using its IgG immunologic test.6:54 a.m.: Over 1,800 inmates test positive for COVID-19 at Ohio prisonMore than 1,800 inmates housed at a single Ohio prison have contracted the novel coronavirus, according to state officials.At least 1,828 inmates and 109 staff members at the Marion Correctional Institution in Marion, Ohio, have tested positive for COVID-19, according to the Ohio Department of Rehabilitation and Corrections.Earlier this month, Ohio Gov. Mike DeWine confirmed that a 55-year-old corrections officer at the facility had died from the disease.Overall, the Ohio Department of Rehabilitation and Corrections has reported 2,400 positive cases of COVID-19 inside its prisons, according to Columbus ABC affiliate WSYX.5:38 a.m.: UN confirms death of Nigerian aid worker from COVID-19An aid worker on the frontlines of the novel coronavirus outbreak in Nigeria has died after contracting the virus, a United Nations official said Monday.Edward Kallon, the U.N. humanitarian coordinator in Nigeria, said a Nigerian man working as a nurse in the country’s war-torn Borno state had died over the weekend. It’s believed to be the first COVID-19 death in the northeastern state.“Despite the risks, this Nigerian health worker was devoting his life to treating vulnerable internally displaced persons who have lost everything during the conflict raging in the northeast,” Kallon said in a statement. “He had no travel history outside of Borno state and made the ultimate sacrifice.”Kallon noted that officials are working to trace anyone whom the nurse may have been in contact with in Borno state, where nearly 1.5 million of people have been displaced from their homes in recent years due to violence from the Boko Haram insurgency and other conflicts.“The humanitarian community reaffirms it is working closely with Nigerian authorities. Together, all actors are doing their utmost to reinforce protection and prevention measures against COVID-19,” he said. “With the COVID-19 pandemic affecting many areas in Nigeria, it is essential for the most vulnerable to continue receiving humanitarian aid, including water and soap or substitute solutions.”So far, 627 people have been diagnosed with COVID-19 in Nigeria and 21 of them have died, according to a count kept by Johns Hopkins University.3:45 a.m.: US death toll tops 40,000 as stay-at-home protests continueThe novel coronavirus has now killed more than 40,000 people in the United States, according to a count kept by Johns Hopkins University.Nearly half of all deaths — over 18,000 — occurred in New York state.Meanwhile, opposition to stay-at-home orders has continued to build from coast to coast amid growing resentment against the crippling economic cost of confinement. Protests took place over the weekend in at least five states — Colorado, Florida, Illinois, Tennessee and Washington. Last week, other stay-at-home protests took place in California, Kentucky, Michigan, Minnesota, North Carolina, Ohio, Utah and Virginia.Many of the demonstrations flout the social distancing guidelines put in place by the White House to stem the spread of the virus. Nevertheless, President Donald Trump has spoken out in support of the protesters, describing them as “great people” who “love our country” and “have got cabin fever.”“Their life was taken away from them,” Trump said at a press briefing Sunday. “They want to get back to work.”Copyright © 2020, ABC Audio. All rights reserved. narvikk/iStock(NEW YORK) — A global pandemic of the novel coronavirus has now killed more than 166,000 people worldwide. Over 2.4 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks. Since the first cases were detected in China in December, the United States has become the worst-affected nation, with more than 759,000 diagnosed cases and at least 40,683 deaths. Many cities and states have begun counting probable deaths caused by COVID-19, including New York City, the U.S. epicenter of the disease. The number of cases in New York state alone is higher than in any single country outside the U.S.Here’s how the news is developing Monday. All times Eastern:last_img read more