The Chinese central bank has announced that it will inject 1.2 billion yuan (about 157,000 million euros) in the market to try to counteract the adverse effects of this crisis on the stock exchange on Monday.
The Asian giant’s markets have remained closed since last January 23, the Chinese New Year’s holiday, and they were scheduled to reopen last Friday, although they will finally do so tomorrow.
Experts assume that it will be a very volatile session and with this measure, the Chinese authorities intend to support companies that could be most affected by this health crisis. The China Securities Regulatory Commission (CSRC) has considered that the coronavirus will only have short-term effects on the stock exchanges.
Millions of Chinese return to their jobs tomorrow after the end of the holiday season, a situation that has put the government on top guard for the coronavirus that has already claimed the lives of 305 people and infected another 14,380.
Today, control measures at train stations, airports and access roads to large cities have multiplied in the face of the flood of people who are returning to their homes after the holidays.
To try to contain the spread of the virus in these times where there is the greatest human migration in the world, the Chinese government decided last week to extend the holidays until day 2, instead of until January 30, although schools in the whole country will still remain closed until further notice.
In some cities such as Shanghai, home to hundreds of multinationals, vacations have been extended until the next day 9, while the entire province of Hubei (center-east of the country), the epicenter of the focus, also continues to stop.
With this, the Government has achieved that the return to the big cities, where millions of people from rural China who take advantage of vacations to return homework, is more staggered.
Since the outbreak of the crisis and especially in recent days, railway stations, airports and highways have turned to carry out passenger control measures such as temperature taking.
328 have overcome the disease
According to the daily report of the National Health Commission, a total of 85 people were cured in the last hours and were discharged, so the number of people who have overcome the disease amounts to 328.
All deaths recorded in the last 24 hours correspond to the province of Hubei, where it is expected that tomorrow the first of the two large hospitals that have been built in less than two weeks to alleviate the crisis will open in the city of Wuhan.
It is Huoshenshan Hospital, with a capacity for 1,000 patients, and it will be operated by 1,400 members of the medical personnel of the armed forces, as approved today by Chinese President Xi Jinping, also president of the Central Military Commission.
Among military medical personnel, Xinhua news agency explained today, many participated in the fight against SARS in 2004 at Xiaotangshan Hospital in Beijing or in the mission against Ebola in Sierra Leone and Liberia, so they have rich experience in the treatment of infectious diseases.
There, in Wuhan, there have been 849 new cases and 32 deaths in the last 24 hours, according to data from the local Health Commission.
The city of Huanggang, also in Hubei, is being one of the most affected and the authorities estimate that the dead will rise a lot in the coming days as many people returned from Wuhan before the city was quarantined.
A closure that was later extended to other municipalities in Hubei and that in Huanggang itself is total since the authorities have prohibited its residents from leaving their homes and only one person from each household can go out to buy food once every two days.
You can only leave to receive medical treatment, to carry out epidemic prevention and control work or to work in supermarkets and pharmacies.
Control of the dead
The Chinese health authorities are not only exercising control of the citizens, whom they recommend leaving as little as possible from home but also today an action protocol was published with those killed by the disease.
They cannot be buried where their relatives want or have a farewell ceremony but must be cremated at a designated funeral home and near where they are.
They will not be transported between different regions and will not be preserved by burial or other means says a protocol issued by the National Health Commission, the Ministry of Civil Affairs and the Minister of Public Security.
Funeral traditions such as farewell ceremonies are prohibited and the bodies must be disinfected and placed in a bag sealed by medical workers and cannot be opened after sealing.
Until now all the deceased had occurred in China, where 99% of the infected people are also, but today it was confirmed that a man of Chinese nationality died on Saturday in the Philippines, where he had traveled from Wuhan.
Advances in research
All this while experts and researchers reveal some discoveries about the disease, such as the fact that it could spread through the digestive system.
This is believed by a group of Chinese researchers from the Renmin Hospital of Wuhan University and the Wuhan Institute of Virology, who found viral nucleic acids in the feces and rectal swabs of the patients after they noticed that the initial symptom of some patients infected with the coronavirus was just diarrhea, rather than fever.
In another of the investigations, the expert of the department of respiratory medicine of the Children’s Hospital of Zhejiang University, Chen Zhimin, warned that there is a potential risk of mother-to-child transmission so that if a pregnant mother becomes sick her newborn baby also You run the risk of becoming infected.
The danger is high since the immune system and respiratory tract of neonates is not as mature as that of adults, the expert warns.
Larry Segura was a reporter for SYP Studios, before becoming an editor. Larry has previously worked for Wired, MacWorld, Android Authority, and VentureBeat covering countless stories concerning all things related to tech and science. Larry studied at NYU.
5 things to know about entrepreneur Alex Bostanian
Q. As an influencer, what is the message you want to relay to your followers?
Ans. I like to be as diverse as possible with my posts. I Post pics of my lifestyle, travels, businesses, social gatherings, hobbies, etc.. to inspire, inform, educate, impart my wisdom and experiences for whatever it’s worth. I want to show the world regardless of ones social and financial status, we are all just human, and through hard work and dedication, anything is possible!
Q. With such a prominent social media presence, what advice would you give others trying to grow their platforms?
Ans. Don’t be timid! Share what you love! There’s no such thing as normal! Not everyone’s going to accept you for who you are, and that’s their problem! Be consistent with your posts! Engage with your followers and make a connection with them! Apart from social media, we can all learn a lot from each other.
Q. Of all the countries you’ve lived in, Greece, Spain, France and Japan, what was it like, and which was your favorite?
Ans. Haha I moved around a lot growing up which caused a lot of instability, conversely it also taught me to be very resilient and adaptive down the line.
Traveling and living in so many diverse places contributed to my love of culture, history, and language learning. I currently speak English, Japanese, and Armenian. And abit of Spanish and French.. I hope to become well versed in both Spanish and French, and expand my repertoire of languages in the near future. I loved living in each country as I spent different times of my childhood in each place, gaining different kinds of experiences along the way. My favorite country however would probably have to be Japan! Japan is the first country I moved to on my own. It’s where I learned to live alone, learn about myself and the world, establish myself in a new place, learn a new language, haha all while learning to do my laundry all by myself! Living in Japan was definitely a transformative time for me!
Q. What are some of your hobbies?
Ans. Yoga, singing, acting, cooking, photography
Q. As a Businessperson and Founder of many Companies in various fields ranging from Entertainment/Media to Real estate development to Health and Wellness, what inspired you to start these companies and what advice would you give others that want to do the same?
Ans. As cliche as this may sound, Find a business/product you can relate to! That you’re passionate about! A higher purpose than just profiting! It’s an easier route to take, one in which you can motivate yourself to grow along with!
Several years ago, I injured my neck in a Gym related accident, which caused debilitating pain. After spending years unsuccessfully exploring/trying different options in conventional medicine to help alleviate/manage the pain, I deliberated over trying a more unconventional alternative.
It was around that time, a friend of mine had suggested I give CBD a try. After months of hesitation, reluctance, research, and further exploration of other alternative remedies, I finally decided to give CBD a try.
After first use, my pain had instantly become more manageable! I couldn’t believe such an effective option had been right infront of me this whole time!
Being consistent with my dosing, after a few days, my world and overall demeanor had completely shifted! I felt like I had been given a second chance at life! People don’t understand how severely debilitating pain can impact your psyche.. I was finally ready to embrace life again!
As time passed, and I further researched CBD, its benefits, and the myriad products it’s been infused with, I discovered that there is a stigma which surrounds it, and for good reason. Not all CBD products are created equally I eventually learned!
My concern now was the extraction process, the quality of ingredients used, and a whole slew of other issues!
Where and how is the CBD being sourced? What other ingredients, substances are going into production? Are they all natural? Organic/Non-GMO? Most importantly are they free of Pesticides, Heavy Metals, and Chemicals? I wanted to be certain that I was taking the best and cleanest CBD available.
For those reasons, along with our concern of the growing opioid epidemic around the world we were inspired to create a safer and healthier brand. I wanted to give people and myself a second option. Something I’d be proud to put my name on. Something I myself would take and stand by. It was time to confront and eliminate the negative stigma that had for so long tarnished the reputation of CBD!
That is why we offer nothing but the best to our customers by making sure our products are produced from organically grown hemp that is sourced in the USA. Additionally, our product is cGMP certified, meaning the manufacturing process adheres to strict guidelines which certifies our products are consistently produced and controlled according to quality standards. cGMP certification is designed to minimize the risks involved in any pharmaceutical production that cannot be eliminated through testing the final product.
Q. Have you always wanted to become famous, or was this completely unexpected?
Ans. Since I was born I had a great affinity for theater, music, and the arts, I always wanted to be involved in the entertainment industry in some capacity! Early on I started with acting and vocal lessons, auditioning for the lead role in all my school plays and eventually progressed to commercials, TV, and independent plays throughout Hollywood. Acting and singing have always been a natural outlet for me to express myself. They will always be two of my greatest passions!
Q. What else can we expect from you in 2020?
Ans. Further expansion of my companies, and a few projects I’ve been working on! Stay tuned on insta for new developments!
Q. Where can we keep up with your day to day activities?
While Warren Jennings doesn’t like talking about his age, he will admit his first console was the original Sega. An obsessive fascination with all things tech blossomed from hobby into career before hopping over to Los Vegas for 10 years, where he started working for SYP Studios in 2018. Warren serves as our lead science reporter.
Coronavirus is a risk for the world economy
Just when the outlook for the global economy had been declared encouraging, a new threat emerges in the form of a viral outbreak in China. That was the warning message that Federal Reserve President Jerome Powell delivered on Wednesday after the Fed decided to keep interest rates low.
Powell said the signing of a preliminary trade agreement between the US and China, the resolution of Brexit and the low rates in the US and abroad they suggested that the world economy would expand more rapidly. That is now threatened by the virus.
Still, Powell said the extent of the economic damage that the virus can cause in China or around the world is still unknown.
“There is likely to be some disruption in activity in China and worldwide,” he said. “It is very uncertain how far it will extend and what the (economic) effects will be in China, for its trading partners, and around the world … We are monitoring the situation very carefully.”
However, Powell said he believes “there are signs and reasons to wait” for a global economic uptick. And he said that the initial trade agreement between the United States and China and a new trade pact between the United States, Canada, and Mexico that President Donald Trump promulgated on Wednesday could potentially boost the US economy.
Powell spoke after the Fed announced that it had maintained its key interest rate unchanged at a low range of 1.5% to 1.75%, well below the levels that were typical during previous expansions. The president and other Fed officials have indicated that they see that range low enough to support faster growth and hiring.
However, investors are increasingly betting that the Fed will feel compelled to reduce rates later this year, probably because of concerns that the US You will feel the impact of a global slowdown derived from the coronavirus. The chances of a cut at the September Fed meeting have increased above 70%, according to the FedWatch tool of the Chicago Mercantile Exchange, compared to 40% just a month ago.
Paul Ashworth, chief economist on the United States at Capital Economics, said he saw nothing in the Federal Reserve statement or at the Powell press conference to change his belief that the central bank will maintain its benchmark rate without changes in the foreseeable future.
“Unless the US experiences its own epidemic, we doubt that the indirect effects of the disturbances in China are sufficient to guarantee a cut in US rates,” said Ashworth.
Indeed, the coronavirus has closed much of that nation and it seems that it will slow down the Chinese economy, the second-largest in the world, which had already slowed. The virus has now infected more people in China than were ill in the country from the SARS outbreak in 2002-2003.
Major companies around the world have responded to the virus by suspending some operations in China. Starbucks said it plans to close half of its stores in China, its second-largest market. British Airways has stopped all flights to China, and American Airlines suspended flights from Los Angeles to and from Shanghai and Beijing.
Hotels, airlines, casinos, and cruise operators are among the industries that have suffered the most immediate repercussions. Apple CEO Tim Cook said that the company’s suppliers in China have been forced to delay the reopening of factories that have closed for the Chinese New Year holidays until February 10.
Stock prices fell after the Fed issued its statement and Powell concluded its press conference. The Dow Jones Industrial Average closed just higher after having posted stronger gains on previous operations. Bond yields decreased slightly.
The Fed’s statement, which its policy formulation committee approved 10-0, was almost identical to the one it issued in December, although this time it described that consumer spending increased only at a “moderate” rate rather than ” strong”. That change probably reflects a relatively modest expense of Americans during the holiday shopping season. The statement also noted that the Federal Reserve wants inflation to rise more. The Fed’s preferred measure showed that inflation rose only 1.5% in November from the previous year, below its 2% target.
Based out of NYC, Chris Reynolds has been writing for SYP Studios since 2015 and is presently our Managing Editor. An experienced freelance writer, he previously obtained an English BA from Stockholm University, then spent over 8 years working in various markets as a television reporter, producer and news videographer. Chris is particularly interested in scientific innovation, climate technology, and the marine environment.
5 steps to start the New Year productively
New Year New Life! Well, although it’s probably not for much, surely you’ve already considered a few good purposes. But you know that good purposes are rarely fulfilled, right? You have to go a little further and define clear objectives.
In any case, before starting to develop new projects it would be advisable to reflect on everything you have right now, free yourself from unnecessary things and make a good set-up of your personal management system.
Know what your commitments are.
If you do not have a complete inventory of your current commitments, you will accept new tasks indiscriminately. Many of them should not be part of your life since they are not aligned with your goals and prevent you from advancing your new projects. Although it sounds contradictory, it is necessary to set certain limits in order to experience freedom. If you know what you have to do, you also know what you should not do.
Find out where you are.
You cannot move into the future if you do not know exactly what your current reality is. What are your tasks, projects, areas of responsibility, objectives, and vision of life? You need to review and define your situation with perspective.
Know where your limits are.
Don’t try to do everything, to be everything or to have everything. That depletes any person psychologically and physically. More does not necessarily mean better. Focus on important and positive goals, and choose the next actions to move forward in each of them.
Clean up pending issues.
You will not be able to concentrate on new challenges if most of your energy is diluted by dealing with a multitude of open fronts. Complete tasks and projects, large and small, to prepare the ground and be able to face the new in a clearer and clearer way. Start anywhere. There are no priorities, only things that must be done as soon as possible and things that can be expected.
Free your mind.
Things are going to come up that you don’t see right now, that will give you new opportunities and open new paths. You have to be prepared for anything and learn to respond effectively to anything that attracts your attention. To do this you have to capture everything that comes to your head and clarify its real meaning. Creativity only appears when there is room for it.
Bryan Nesbit has been writing and editing at SYP Studios for over two years, where he has covered everything from rocket launches to self-driving cars to strange animal science, and everything in between. He previously spent time at the Huffington Post, Mashable and The Santiago Times, earning a Masters degree in communications fromPace University along the way. When not working on his next piece, you might find Nolan traveling the world in search of the weird and wonderful. Failing that, he’ll probably be watching Netflix.
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