Risk of pension meltdown grows due to inaction by U.S. Congress

Risk of pension meltdown grows due to inaction by U.S. Congress

The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers. Lawmakers in Washington have been working on ways to protect the benefits promised to participants in multiemployer pension plans, which are created under collective bargaining agreements and jointly funded by …

WHO New Video Shows China’s ‘Wartime Controls’ To Fight Coronavirus Outbreak

WHO New Video Shows China’s ‘Wartime Controls’ To Fight Coronavirus Outbreak

Soldiers are enforcing curfews in Hubei province, the epicenter of the coronavirus outbreak, as millions are confined to their homes. Hospitals there are overwhelmed as the number of suspected cases grew by thousands overnight. Chinese authorities are resorting to increasingly extreme measures in Wuhan to try to halt the spread of the deadly coronavirus, ordering house-to-house …

Xi’s early involvement in virus outbreak raises questions

Xi’s early involvement in virus outbreak raises questions

China reported Sunday a drop in new virus cases for the third straight day, as it became apparent that the country’s leadership was aware of the potential gravity of the situation well before the alarm was sounded. BEIJING (AP) — A recent speech by Chinese President Xi Jinping that has been published by state media …

Oil too cheap to ignore sends Chinese refiners on buying spree

Oil too cheap to ignore sends Chinese refiners on buying spree

SINGAPORE (Bloomberg) – A sudden oil buying spree by China’s independent refiners has taken Asian traders by surprise. After weeks of production cuts, cargo deferrals and cancellations because of the deepening impact of coronavirus on Chinese crude demand, companies including Shandong Shouguang Luqing Petrochemical Co., Shandong Huifeng Petroleum Chemical Co. and Sinochem Hongrun Petrochemical Co. …

Over 1,700 frontline medics infected with coronavirus in China, presenting new crisis for the government

Over 1,700 frontline medics infected with coronavirus in China, presenting new crisis for the government

(CNN)Ning Zhu, a nurse in Wuhan, the central Chinese city at the heart of a deadly coronavirus outbreak, is restless. Instead of helping on the frontlines, she has been under self-quarantine at home for weeks, after a chest scan on January 26 revealed that she had a suspected case of the novel Coronavirus. Zhu was …

Coronavirus: UK conference attendees warned over case

Coronavirus: UK conference attendees warned over case

Health officials have contacted hundreds of conference attendees in London, after it emerged one of them was later diagnosed with coronavirus. The person, who has not been identified, was at the UK Bus Summit at the QEII Conference Centre last week.Two Labour MPs who were also at the conference said they were well but cancelling …

US Military Issues Service-Wide Directives to Prepare for Coronavirus Pandemic

US Military Issues Service-Wide Directives to Prepare for Coronavirus Pandemic

NICK NOTE: even the praise the Lord socce rmoms are starting to figure it out. And she is a certified blond with blue eyes!! The US Northern Command has started preparing for a potential pandemic, as the COVID-19 novel coronavirus, which originated in China’s Hubei Province in December, continues to spread. The US Navy, Army …

Alibaba CEO: Coronavirus is a ‘black swan,’ may affect the global economy

Alibaba CEO: Coronavirus is a ‘black swan,’ may affect the global economy

Chinese e-commerce giant Alibaba Group’s CEO Daniel Zhang characterized the widening coronavirus crisis as a “black swan event” on Thursday, warning that the outbreak has potentially global implications. During a call with analysts discussing the company’s fiscal third-quarter results that beat expectations, Zhang said that the coronavirus presents “near term” challenges to Alibaba’s businesses that …

GMSA cancels Mobile World Congress due to coronavirus concerns

GMSA cancels Mobile World Congress due to coronavirus concerns

The GSMA, the organization behind MWC, the world’s largest mobile trade show, has announced that it is officially canceling the show. MWC usually attracts over 100,000 attendees from 200 countries to Barcelona. This year’s show was supposed to take place on February 24-27. Several publications received a statement about the cancellation. “The GSMA has cancelled …