US is now the new epicentre of the coronavirus pandemic with active cases over 85,505 patients!


 Coronavirus death toll, infections and recoveries 

WHO Coronavirus disease (COVID-19) -Get the latest information from the World Health Organization about coronavirus.

Donald Trump again struggled to reassure a fearful nation on Thursday as it emerged the US now has the highest number of confirmed coronavirus cases in the world. News that America had surpassed virus hotspots China and Italy with 82,404 cases of infection, according to a tracker run by Johns Hopkins University, broke as the president was holding a press conference at the White House.

His instinctive response was to question other countries’ statistics. “It’s a tribute to the amount of testing that we’re doing,” Trump told reporters. “We’re doing tremendous testing, and I’m sure you’re not able to tell what China is testing or not testing. I think that’s a little hard.”

Trump later spoke to the Chinese president, Xi Jinping, by telephone and had what he described on Twitter as a “very good conversation”. The two leaders discussed the coronavirus in “great detail”, adding that: “China has been through much & has developed a strong understanding of the Virus. We are working closely together. Much respect!”

 

 

China leads in coronavirus vaccine clinicals to combat Covid-19


The first clinical trial of the novel coronavirus vaccine in China has kicked off as volunteers taking part in the project started to share
their experience on social media, a Chinese newspaper reported on Saturday. China Daily/ANN

The first clinical trial of the novel coronavirus vaccine in China has kicked off as volunteers taking part in the project started to share their experience on social media, a Chinese newspaper reported on Saturday.

On Thursday, a female volunteer posted two pictures of her taking the vaccine shot as a part of the phase 1 clinical trial for recombinant novel coronavirus vaccine on China’s Twitter-like social media platform Sina Weibo, according to the Science and Technology Daily.

The clinical trial was filed in the Chinese Clinical Trial Registry on March 17.

According to its registration information, the trial is jointly sponsored by the Institute of Biotechnology, Academy of Military Medical Sciences, People’s Liberation Army and CanSino Biologics Inc based in Tianjin.

The trial is being carried out on healthy adults between the ages of 18 and 60 in two medical facilities in Wuhan, Hubei province. The study is set to be completed by Dec 31, according to the registry.

All 108 volunteers are from Wuhan that was hit hard by the outbreak. They will receive a series of follow-up examinations within six months after injection to see if their bodies have generated antibodies to the virus, the registry said,

Wang Junzhi, a senior expert on drug and vaccine development, said earlier this month that China is simultaneously conducting nine vaccine development projects, and most of them are expected to complete preclinical trials and begin human tests in April.

In general, China’s vaccine development against Covid-19 is among the world’s front-runners, he added.

CHINA DAILY/ASIA NEWS NETWORK

Read more:

Human vaccine being tested | The Star Online

 

US virus cases to surpass China in April: experts

The COVID-19 epidemic in the US is worsening sharply as the federal government approved major disaster declarations for New York, California and Washington states, and the situation in Washington DC worsened, with local police shutting down streets to stop mass gatherings   .

China’s image will not be dented by lies which will however ultimately hurt Americans. There are three main “China lies” promoted by the Trump administration.

US should put solidarity above geopolitics: Global Times editorial

 

If any country should compensate the world, it’s the US 


China talks up post-virus rebound as world economy shuts down

 

Related posts:

https://youtu.be/uR_LfkGwBG8

As readers will recall from the earlier article (above), Japanese and Taiwanese epidemiologists and pharma..

https://youtu.be/Y_dU2RCqWs4 FORCED TO SHUT DOWN WHEN VIRUSES LEAKED AUGUST 2019    US SOLDIERS WERE INFECTED 300 HUNDRED CAM..

Covid-19 https://youtu.be/LBDAd1IZrc4 T he hosts, the Islamic missionary movement Tablighi Jama’at, which traces its roots back to

starbiz@thestar.com.my https://youtu.be/Ue6N787O4SI IT is trying times for everyone as the global financial world melts down but t..

 

Meltdown and challenging times and profiting from market downturn


starbiz@thestar.com.my

https://youtu.be/Ue6N787O4SI

 

IT is trying times for everyone as the global financial world melts down but the order of the day is really to stop the spread of coronavirus (Covid-19) so that some normality could return.

Ironically, two things seem to be rising amid the turmoil – the demand for toilet paper caused serious fights in supermarkets across the globe and this has gone viral across various networks.

The other is the US dollar. Its rise has many reasons.

Everything else, including stock markets, oil, bonds, commodities, currencies and bitcoin are plunging to new lows with no clear signs of immediate reversal. Just in a month the FBM KLCI is down by 20% while the Dow Jones Industrial average 31%.

The rise in demand for toilet paper cannot be comprehended but the rise of the US dollar in a mayhem is understandable. Corporations across the global are rushing to draw down credit lines and seek the US dollar for their funding needs.

In fact, people are scrambling for the US dollar and as a report said “world markets are still very, very nervous …people are scrambling for cash any way they can.’’

Ringgit against the US dollar has reached the RM4.41 range.

Bonds are also seeing the biggest wave of withdrawals since 2017 and gold has fallen as there are concerns of a global economic recession.

The timing of the Saudi Arabia-russia oil price war was shocking and a report said it is a “risky move likely to further destabilise a world economy that is already wobbly with the pandemic.’’

Oil has plummeted to about US$30 a barrel and experts believe it could plunge to US$20 a barrel though the Us-trump Administration may intervene as US producers are suffering from the historic crash in prices.

Amid all these fears, governments across the globe are coming out with stimulus packages to help its citizens and businesses. It is a much needed aid as many countries have enforced total lockdown and people on daily jobs need money for survival. The US alone is forking out US$1 trillion in aid. Other countries have set aside billions of dollars including Malaysia Rm20bil.

StarBiz compiled by B.K. SIDHU & EUGENE MAHALINGAM

Profiting from market downturn

Investment strategy: The benefit of dollar-cost averaging is that you don’t have to monitor the price movement and you don’t have to make a decision every time you want to invest. In fact, dollar-cost averaging is quite a no-brainer strategy.

MOST people tend to be very bearish about the stock market after a crash. In fact, most investors would feel that it would be best to avoid the stock market for now.

Some may even want to cut their current investment losses and get out of their investments in equities, even though seasoned investors would tell you that the best opportunity to enter the market would be after a market crash

Following the recent global stock market downturn, market sentiments, the desire and motivation to invest is at an all-time low. Understandably so, after all, once bitten twice shy.

However, the legendary “Oracle of Omaha” and one of the most successful investor of all time, Warren Buffett, once said that as an investor, it is wise to be “fearful when others are greedy, and greedy when others are fearful.”

It’s hard, if not impossible, to convince oneself to invest when the whole world is panicking.

On one hand, you think the market crash is so sharp that you are fearful it may drop even further. On the other hand, you can clearly see that premium stocks are now trading at a great discount, and hence now would be a great opportunity to snap them up. What should you do?

If this is your dilemma, there’s an investment strategy that can help you to take advantage of the market downturn and allay your fear: the method is called dollar-cost averaging.

How dollar-cost averaging operates

Dollar-cost averaging is a strategy to invest a specific amount of money in the market at routine intervals (monthly, quarterly, half-yearly or yearly). Done right, you can protect yourself against fluctuations and downside risk in the market.

For example, instead of investing a lump sum of, say, RM120,000, you invest RM10,000 a month over one year. By doing this, you average out the cost of investments over an extended period of time. This is to make sure you don’t invest all your money at the peak of the market.

On the other hand, this strategy works especially well in an extended market downturn (like what you expect now) as you will keep buying at lower and lower prices until the market recovers.

For example, you invest RM1,000 in an equity unit trust fund at RM1 per unit. So, you end up with 1,000 units. The following month, you invest another RM1,000 in the same fund but because the unit price has dropped to 50 sen, you end up with 2,000 units.

So, what is the average cost of all your units? If your answer is 75 sen, you’re wrong. That’s because you have used the arithmetic mean (RM1+50sen/2>75 sen). You should use the harmonic mean.

This is how to calculate the average cost of all your units correctly: Your total investment is RM2,000 and you have 3,000 units of the fund. Divide RM2,000 by 3,000 units and the average cost is 67 sen. This means by using harmonic mean calculation, dollar-cost averaging gives a lower average cost.

How it helps you to profit from current market

Now, let’s see how we can apply dollar-cost averaging strategy to the current market scenario. You’re bearish about the market and think it will go down for another six months.

Dollar-cost averaging works well if you believe the market will continue to go down.

With reference to Table 1, if you invest RM1,000 a month for the next 12 months, you would have invested RM12,000 and accumulated 25,648 units at the end of the period. At 80 sen (which is lower than the original price), your investment value at the end of the period is RM20,518 (80 sen x 25,648 units).

It means that you would have gained RM8,518 (RM20,518 – RM12,000). That’s a 71% gain over 12 months, despite the fund price being beaten down by as much as 78% (90 sen – RM0.20 = 70 sen, then divided by 90 sen = 78%).

Why it can help you

Dollar-cost averaging is a discipline that can help investors overcome their emotion, dilemma and other human feeling when it comes to investing, be it fear or greed. We’re always tempted to invest when the market is high and so we end up buying high instead of buying low. With dollar-cost averaging, we’re automatically programmed to buy less units at higher prices and more units at lower prices instead.

Thus when the market crashes and prices are low like now, we would be empowered to invest, not react out of fear.

For this strategy to work, you would need to invest a specific amount of money at specific intervals, say RM10,000 a month over one year, no matter what the market condition is in. If you think that the market may crash and rebound in a shorter period, you may want to implement the strategy within one month. For example, RM30,000 a week over a one-month period. It does not matter which interval, what’s important is that it’s done consistently.

Your current investment strategy to buy only when the price has dropped to a certain “attractive” level is commendable. However, to execute this strategy well, you must be disciplined enough to monitor the market movement closely and spend time and energy to decide when would be the right time to buy the investment.

The benefit of dollar-cost averaging is that you don’t have to monitor the price movement and you don’t have to make a decision every time you want to invest. In fact, if you’d ask me, dollar-cost averaging is quite a no-brainer strategy.

How to make dollar-cost averaging work better

Dollar-cost averaging offers the most benefit when you invest in investments whose prices are highly volatile (move up or down in a big quantum).

An investment that is highly volatile is often perceived as a risky investment. However, this risk plays to your advantage when dollar-cost averaging is applied. How so? The strategy helps to perform an efficient accumulation of investment units. When a particular investment drops significantly in price, you get to accumulate more units. The bigger the drop, the more units you accumulate, thus your accumulation is more efficient (you get to buy the units at a cheaper price).

In comparison, if you invest in an investment that has low volatility, the drop in price would be too small and you can only accumulate a few units, thus rendering your accumulation to be less efficient.

Therefore, when you apply dollar-cost averaging strategy on your unit trust portfolio, go for equity funds. Avoid money market funds or bond funds.

Warning: Don’t apply dollar-cost averaging strategy on a single share. There’s usually an underlying reason why the price of a particular share is in a continuous downward trend. In such circumstances, there’s no assurance that the price will ever go up when the whole market rebound. Worst, the share may not even survive the tough economic crisis and ends up getting delisted.

Do remember that for dollar-cost averaging to work, your chosen investment must be resilient enough to rebound when stock market recovers.

Dollar-cost averaging is best suited if you have a portfolio of equity unit trust funds that is diversified into various regions, so that risks is spread across the share of many companies.

Act on it

To truly benefit from dollar-cost averaging, you have to apply it to your investments. During the implementation process, your resolve would be tested.

There will be times where you will be tempted to abandon the strategy especially when the price of your investment has dropped even further.

Do not waver! Be discipline in executing your strategy and enjoy the gains when the market recovers. Onwards and upwards.

– Yap Ming Hui (ymh@whitman.com.my) is thrilled that his mission to empower every Malaysian with a roadmap to financial freedom has finally come to fruition with the release of a free DIY roadmap to financial freedom tool on the iWealth mobile app. The views expressed here are the writer’s own.

Source link

Related posts:

https://youtu.be/NHKs8clA4GI https://youtu.be/_zElnBGUj-w https://youtu.be/_mSwlPKFjQM https://youtu.be/8WkAZ5FzttM https..

https://youtu.be/Y_dU2RCqWs4 FORCED TO SHUT DOWN WHEN VIRUSES LEAKED AUGUST 2019    US SOLDIERS WERE INFECTED 300 HUNDRED CAM.

https://youtu.be/uR_LfkGwBG8 As readers will recall from the earlier article (above), Japanese and Taiwanese epidemiologists and pharma…

TRUST RISES FOR INFORMED PUBLIC   Trust Index 2018 Informed Public 2019 Informed Public Trust (60 – 100) Neutral (50 – 59) Distrust (1 – 4..

FORT DETRICK, THE UNITED STATES BIOLOGICAL WARFARE LAB IS WHERE CORONAVIRUS ORIGINATED


FORCED TO SHUT DOWN WHEN VIRUSES LEAKED AUGUST 2019
US SOLDIERS WERE INFECTED
300 HUNDRED CAME TO WUHAN ON PRETENSE OF TAKING PART IN THE WORLD MILITARY COMPETITION – WON NOT ONE MEDAL

SPREAD OUT IN WUHAN WITH SOME VISITING THE WET MARKETS

 
Listen to Saddam Hussein was in a 1990 meeting with his cabinet, telling them how America was threatening Iraq with Corona Virus. This prove beyond the shadow of a doubt that Corvid-19 is a US biological weapon. 

 

 US CONSULATE IN WUHAN FULLY EVACUATED WITH BIOWEAPON DRUMS LEFT IN GROUNDS
WEEKS LATER FIRST VICTIM OF CORONAVIRUS APPEARED IN WUHAN
US FOUND TO HAVE 5 STRAINS, WUHAN HAS ONE
PROVING THE UNITED STATES IS THE ORIGIN OF THE CORONAVIRUS
August 6, 2019, the US’s main biological warfare lab at Fort Detrick was issued a “ceast and desist” order because of violation of safety standards and protocol, and leaks.
August – September 2019, “statewide outbreak” of a mysterious respiratory emerged in the US, causing severe respiratory diseases in a few hundred people. This was blamed on vaping although people had been vaping for more than a decade without such outbreaks. Officials were unable to find any relation to a specific vaping device and addictive.
August 2019 – Jan 2020, the US CDC reported that the US is gearing up for one of the worst flu seasons ever, with 12000 deaths. On 12 March 2020, the CDC director admitted that some COVID-19 deaths were misdiagnosed as the flu because COVID-19 were found when they did posthumous tests.
October 18 – 27, 2019, the 2019 Military World Games was held in Wuhan. The US sent a contingent of 350 athletes. They did not win any medals. The athletes toured Wuhan.
November 2019, the Chinese press reported that five athletes who had suffered from infectious disease had been discharged from hospital.
November 2019, Wuhan locals were detected with COVID-19, with a spike of such terms in local social media. This coincided with the post-incubation period after the Military World Games.
December 1, 2019, the first confirmed case of COVID-19 was detected in Wuhan.  Subsequently more than 80000 people will be infected. Of the first 41 cases, 34% were not related to the wildlife market.
Daniel Lucey, an infectious disease specialist at Georgetown University, claimed that because there is an incubation time between infection and symptoms surfacing, and the presence of infected people with no links to wildlife market, the virus could not have originated from the wildlife market. Kristian Andersen, an evolutionary biologist at the Scripps Research Institute, agreed with the assessment.
Genotype assay of COVID-19 revealed 5 variants/strains (group ABCDE) of the virus. Most regions in the world have 1-2 COVID-19 variants including Hubei (mainly group C), and UK (Group 😎. US is the only country with all 5 variants (Group ABCDE). In Virology
101, the region with the most variants is the origin of the disease.
25 Jan, 2020, Japanese couple went for a 10 days vacation in Hawaii. On the second week they fell ill. On return to Japan they were tested and confirmed to have COVID-19.
Italy lab confirmed that the strain of COVID-19 is different from the one circulating in China, and that the circulation of the virus is not so recent, and had been spreading undetected for weeks.
China’s coronavirus expert Dr Zhong Nanshan, the discoverer of SARS, said that although COVID-19 was detected in China, it doesn’t necessary mean that it originated from China.
As of March 12, 2020, the US had only tested 10000 people, and COVID-19 was confirmed in 1600 of them. As a comparison South Korea tests 10000 people a day, but the disease rate trajectory is the same as the US. This suggests that there is a great number of infected people in the US, just that they were not tested.

Related posts:

https://youtu.be/uR_LfkGwBG8 As readers will recall from the earlier article (above),  Japanese and Taiwanese epidemiologists and pharma..

TRUST RISES FOR INFORMED PUBLIC   Trust Index 2018 Informed Public 2019 Informed Public Trust (60 – 100) Neutral (50 – 59) Distrust (1 – 4…

Coronavirus Covid-19 started in US, CDC director says so!


As readers will recall from the earlier article (above), Japanese and Taiwanese epidemiologists and pharmacologists have determined that the new coronavirus almost certainly originated in the US since that country is the only one known to have all five types – from which all others must have descended. Wuhan in China has only one of those types, rendering it in analogy as a kind of “branch” which cannot exist by itself but must have grown from a “tree”.

The Taiwanese physician noted that in August of 2019 the US had a flurry of lung pneumonias or similar, which the Americans blamed on ‘vaping’ from e-cigarettes, but which, according to the scientist, the symptoms and conditions could not be explained by e-cigarettes. He said he wrote to the US officials telling them he suspected those deaths were likely due to the coronavirus. He claims his warnings were ignored.

Immediately prior to that, the CDC totally shut down the US Military’s main bio-lab at Fort Detrick, Maryland, due to an absence of safeguards against pathogen leakages, issuing a complete “cease and desist” order to the military. It was immediately after this event that the ‘e-cigarette’ epidemic arose.

Screenshot from The New York Times August 08, 2019

We also had the Japanese citizens infected in September of 2019, in Hawaii, people who had never been to China, these infections occurring on US soil long before the outbreak in Wuhan but only shortly after the locking down of Fort Detrick.

Then, on Chinese social media, another article appeared, aware of the above but presenting further details. It stated in part that five “foreign” athletes or other personnel visiting Wuhan for the World Military Games (October 18-27, 2019) were hospitalised in Wuhan for an undetermined infection.

The article explains more clearly that the Wuhan version of the virus could have come only from the US because it is what they call a “branch” which could not have been created first because it would have no ‘seed’. It would have to have been a new variety spun off the original ‘trunk’, and that trunk exists only in the US. (1)

There has been much public speculation that the coronavirus had been deliberately transmitted to China but, according to the Chinese article, a less sinister alternative is possible.

If some members of the US team at the World Military Games (18-27 October) had become infected by the virus from an accidental outbreak at Fort Detrick it is possible that, with a long initial incubation period, their symptoms might have been minor, and those individuals could easily have ‘toured’ the city of Wuhan during their stay, infecting potentially thousands of local residents in various locations, many of whom would later travel to the seafood market from which the virus would spread like wildfire  (as it did).

That would account also for the practical impossibility of locating the legendary “patient zero” – which in this case has never been found since there would have been many of them.

Next, Daniel Lucey, an infectious disease expert at Georgetown University in Washington, said in an article in Science magazine that the first human infection has been confirmed as occurring in November 2019, (not in Wuhan), suggesting the virus originated elsewhere and then spread to the seafood markets. “One group put the origin of the outbreak as early as 18 September 2019.” (2) (3)

China’s New Coronavirus: An Examination of the FactsWuhan seafood market may not be source of novel virus spreading globally. Description of earliest cases suggests outbreak began elsewhere.

The article states:

“As confirmed cases of a novel virus surge around the world with worrisome speed, all eyes have so far focused on a seafood market in Wuhan, China, as the origin of the outbreak. But a description of the first clinical cases published in The Lancet on Friday challenges that hypothesis.” (4) (5)

The paper, written by a large group of Chinese researchers from several institutions, offers details about the first 41 hospitalized patients who had confirmed infections with what has been dubbed 2019 novel coronavirus (2019-nCoV).

In the earliest case, the patient became ill on 1 December 2019 and had no reported link to the seafood market, the authors report. “No epidemiological link was found between the first patient and later cases”, they state. Their data also show that, in total, 13 of the 41 cases had no link to the marketplace. “That’s a big number, 13, with no link”, says Daniel Lucey . . . (6)

Earlier reports from Chinese health authorities and the World Health Organization had said the first patient had onset of symptoms on 8 December 2019 – and those reports simply said “most” cases had links to the seafood market, which was closed on 1 January. (7)

“Lucey says if the new data are accurate, the first human infections must have occurred in November 2019 – if not earlier – because there is an incubation time between infection and symptoms surfacing. If so, the virus possibly spread silently between people in Wuhan – and perhaps elsewhere – before the cluster of cases from the city’s now-infamous Huanan Seafood Wholesale Market was discovered in late December. “The virus came into that marketplace before it came out of that marketplace”, Lucey asserts.

“China must have realized the epidemic did not originate in that Wuhan Huanan seafood market”, Lucey told Science Insider. (8)

Kristian Andersen is an evolutionary biologist at the Scripps Research Institute who has analyzed sequences of 2019-nCoV to try to clarify its origin. He said the scenario was “entirely plausible” of infected persons bringing the virus into the seafood market from somewhere outside. According to the Science article,

“Andersen posted his analysis of 27 available genomes of 2019-nCoV on 25 January on a virology research website. It suggests they had a “most recent common ancestor” – meaning a common source – as early as 1 October 2019.” (9)

It was interesting that Lucey also noted that MERS was originally believed to have come from a patient in Saudi Arabia in June of 2012, but later and more thorough studies traced it back to an earlier hospital outbreak of unexplained pneumonia in Jordan in April of that year. Lucey said that from stored samples from people who died in Jordan, medical authorities confirmed they had been infected with the MERS virus. (10)

This would provide impetus for caution among the public in accepting the “official standard narrative” that the Western media are always so eager to provide – as they did with SARS, MERS, and ZIKA, all of which ‘official narratives’ were later proven to have been entirely wrong.

In this case, the Western media flooded their pages for months about the COVID-19 virus originating in the Wuhan seafood market, caused by people eating bats and wild animals. All of this has been proven wrong. Not only did the virus not originate at the seafood market, it did not originate in Wuhan at all, and it has now been proven that it did not originate in China but was brought to China from another country. Part of the proof of this assertion is that the genome varieties of the virus in Iran and Italy have been sequenced and declared to have no part of the variety that infected China and must, by definition, have originated elsewhere.

It would seem the only possibility for origination is the US because only that country has the “tree trunk” of all the varieties. And it may therefore be true that the original source of the COVID-19 virus was the US military bio-warfare lab at Fort Detrick. This would not be a surprise, given that the CDC completely shut down Fort Detrick, but also because, as I related in an earlier article, between 2005 and 2012 the US had experienced 1,059 events where pathogens had been either stolen or escaped from American bio-labs during the prior ten years – an average of one every three days.

* Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Larry Romanoff is a retired management consultant and businessman. He has held senior executive positions in international consulting firms, and owned an international import-export business. He has been a visiting professor at Shanghai’s Fudan University, presenting case studies in international affairs to senior EMBA classes. Mr. Romanoff lives in Shanghai and is currently writing a series of ten books generally related to China and the West. He can be contacted at: 2186604556@qq.com. He is a frequent contributor to Global Research.

Notes
(3) Science; Jon Cohen; Jan. 26, 2020

Featured image is from Health.mil The original source of this article is Global ResearchCopyright © Larry Romanoff, Global Research, 2020

By Larry RomanoffGlobal Research, March 11, 2020Region: USATheme: Intelligence, Science and Medicineprint 1291   125  23    1598 It would be useful to read this prior article for background:

China’s Coronavirus: A Shocking Update. Did The Virus Originate in the US? By Larry Romanoff, March 04, 2020

Read more:

Chinese official presents conspiracy theory that US Army brought Covid-19 to Wuhan

US lacks responsibility of a superpower in face of pandemic

There is still no signal that the US is willing to help the world battle COVID-19. In this respect, the US cannot be compared to China.

Related post:

China leads the ways in high public confidence

TRUST RISES FOR INFORMED PUBLIC

Malaysian new Cabinet lineup



 

PM: A Cabinet to serve the people

 

Zafrul quits as CIMB CEO after being appointed finance minister

Muhyiddin’s Cabinet a surprising and unconventional move …

PH leaders hit out at new Cabinet

Malaysian PM Muhyiddin unveils Cabinet lineup with 4 senior …

Early reactions to Malaysia’s new Cabinet

 
Read more:

Markets in turmoil as oil price crashes

 

Related posts:

 

 

https://youtu.be/0sBKSDwRKt0 促警方尊重宪法勿插手抗议集会 净选盟:后门政府不能成为常态 https://youtu.be/l4uFlRjv9uI  Quality leaders, please
Malays say they are falling behind other ethnic groups in many fields. They seem to think that it is all because the non-Malays are in contr…

Factstell: There’s no need for China to apologize about COVID-19: New coronavirus carriers found in Italy; Chinese police wear AI helmets to check pedestrians’ body temperature


New coronavirus carriers found in Italy

According to the latest reports from the Italian media, the “patient No. 1” in Italy has been found so far. The large-scale outbreak of the new crown in Italy is directly related to the trajectory of “Patient No. 1”. Before the diagnosis, the patient had participated in many gathering sports events such as the 10,000-person marathon and football match, and dine with friends many times.

Within half a month, “patient No. 1” affected 50,000 people and 10 towns. It is worth noting that the Italian “patient No. 1” was infected with the new coronavirus after taking a vacation to Hawaii, USA, and had no history of Chinese residence. Therefore, from this perspective, the outbreak of the Italian epidemic has nothing to do with China.

Not only does the epidemic in Italy have nothing to do with China, other infected countries have no direct relationship with China. Researchers in the United States have reinvestigated people who died from the flu, and most have died of the new coronavirus. An elderly person infected with the new coronavirus has never contacted outsiders in rural Japan, and there are also cases in Spain and Iran. So the origin of the new coronavirus is not China! !!

Friends to help turn around, it is best to let unsuspecting foreigners also see that this is not a Chinese virus.
For the innocence of China, please forward, thank you

Italy quarantines millions in virus lockdown around Venice, Milan

A man wearing a protective mask passes by the Coliseum in Rome on March 7, 2020 amid fear of Covid-19 epidemic. — AFP

ROME: Millions of people were placed under forced quarantine in northern Italy early Sunday as the government approved drastic measures in an attempt to halt the spread of the deadly coronavirus that is sweeping the globe.

Prime Minister Giuseppe Conte said on Twitter he had signed off on plans to strictly limit movement into and out of a large area including Venice and the financial capital Milan for nearly a month.

“#Coronavirus, the new decree is finally approved,“ Conte wrote, confirming reports published by Italy’s Corriere Della Sera newspaper and other media.

With more than 230 fatalities, Italy has recorded the most deaths from the Covid-19 disease of any country outside China.

The total number of people infected with the virus worldwide has passed 100,000 while 3,500 have died across 95 nations and territories.

According to Corriere Della Sera, without a “serious” reason that cannot be postponed people will not be allowed to enter or leave the entire Lombardy region around Milan – home to 10 million – as well as areas around and including Venice and the cities of Parma and Rimini.

Museums, nightclubs, gyms and casinos will be closed in these areas, the newspaper reported, adding that the measures would be in place until April 3. — AFP

Source link



Chinese police wear AI helmets to check pedestrians’ body temperature

Shenzhen, which shares a border with Hong Kong, police have also begun
to inspect drivers who come into the city with the help of the helmets.
The innovative equipment — named Smart Helmet N901 — is developed by
Shenzhen-based tech firm Kuang-Chi for curbing the epidemic. — Pix from
Daily Mail

AMID the coronavirus crisis, police officers in China have started wearing AI-powered smart helmets which can automatically take pedestrians’ temperatures as they patrol the streets.

According to South China Morning Post (SCMP), the high-tech headgear has an infrared camera attached to it. It will scan the people within the radius of 5 metres which will light up and sound an alarm if anyone within the radius has a body temperature above 37.3°C.

The helmets are equipped with QR codes scanner and facial recognition features. It will display their personal information in a virtual screen inside when a police officer passes by a pedestrian. They are also furnished with Wi-Fi, Bluetooth and 5G connectivity.

SinChew Daily reported that with the help of this helmet, two police officers were able to scan a total of 100 people on the streets in less than two minutes.

Source link

Read more:

Imported COVID-19 cases primary source of new infection in China: official data

The imported COVID-19 cases have become the primary source of new infection in China as they accounted for around one third of the daily new cases on Friday, official data suggested Saturday

Malaysia’s PM, a one-man show as Cabinet list jigsaw puzzle


PUTRAJAYA: Prime Minister Tan Sri Muhyiddin Yassin will be in charge of all ministries and government departments until the appointment of Cabinet ministers, says the latest Federal Government gazette.

The gazette signed on Tuesday by the Chief Secretary to the Government Datuk Seri Mohd Zuki Ali, also stated that the Yang di-Pertuan Agong, pursuant to Article 43 of the Federal Constitution, has appointed Muhyiddin as Prime Minister.

“This Order is deemed to have come into operation on March 1,2020, ” said the notice that was uploaded on the Attorney General’s Chambers website.

“It is notified that the Prime Minister, (Tan Sri) Muhyiddin (Yassin) shall be charged with the responsibility in respect of all departments of the Federal Government and the subjects for which the departments are responsible until the appointment of other ministers in the Cabinet.”

Muhyiddin, who was sworn in as Prime Minister on March 1, met chief secretaries from the Education and Foreign Ministries yesterday.

The newly minted Prime Minister posted pictures on Facebook of him meeting the duo in his office that featured empty shelves and empty tables, a sign of someone who has just moved in.

In the Facebook post, Muhyiddin said Education Ministry secretary-general Datuk Dr Mohd Gazali Abas briefed him on developments and suggestions to upgrade the education sector.

Foreign Ministry chief secretary Datuk Seri Muhammad Shahrul Ikram Yaakob was also seen explaining Malaysia’s current diplomatic relationships and pending international conferences.

“Mohd Gazali gave explanations on developments in the education sector as well as statistics of achievements, and gave suggestions on how to build up the education sector.

“Shahrul of the Foreign Affairs Ministry briefed the prime minister on the current relationship between Malaysia and other countries, as well as collaborations and important conferences which will take place this year, ” said the post.

It is believed that one of the main subjects discussed was the Asia-Pacific Economic Cooperation (Apec) inter-governmental forum that will be held in November in Kuala Lumpur.

Source link

The Cabinet list jigsaw puzzle


Muhyiddin Yassin

GPS, having played the kingmaker in the political saga, expects to be well rewarded. Thus, drawing up the Cabinet list will be a more complicated task this time around, as there are just so many variables that need to be considered.


AS Prime Minister Tan Sri Muhyiddin Yassin thinks about the composition of his Cabinet list, he will certainly need to take heed as to how Sarawak should be rewarded.

There is no doubt that the 18 Members of Parliament from Gabungan Parti Sarawak (GPS) were the ones who made the critical difference in the numbers game last week.

The GPS consists of Parti Pesaka Bumiputera Bersatu (PBB), Sarawak United People’s Party (SUPP), Parti Rakyat Sarawak (PRS) and Progressive Democratic Party (PDP).

It was game over when these lawmakers chose Muhyiddin instead of Tun Dr Mahathir Mohamad to be prime minister.

Sarawak Chief Minister Datuk Patinggi Abang Johari Openg put it aptly when he told the media that “now you know the value of GPS votes.”

He said the ruling state coalition initially supported Dr Mahathir to continue leading the country.

“After that, he resigned. Then he resigned from Bersatu. After that, he was back again. So left, right, left, right, what else to expect?

“That’s why we supported Muhyiddin. At the same time, our Sarawak interest is uppermost, ” he added.

And the rest, as they say, is history.

Datuk Seri Anwar Ibrahim had hoped that GPS would remain neutral at least but the political reality was that GPS had to make a stand.

If there was one big factor that had made up the final decision of the GPS, it has to be the DAP.

Outspoken Deputy Chief Minister Tan Sri James Masing has consistently said that GPS would not support a coalition that included DAP in the ongoing political crisis.

He blamed DAP’s “administrative arrogance” for this, adding that the party did whatever it pleased without listening to others, citing Lim Guan Eng as an example.

He pointed out that the former Finance Minister had announced that Sarawak would go bankrupt within three years when the DAP leader came to the state last year.

The reality is actually the opposite.

In 2019, S&P Global Ratings has affirmed its ‘A-’ rating on Sarawak with stable earnings outlook and said the state’s exceptional budgetary performance and liquidity will likely mitigate its elevated debt, supporting its creditworthiness.

The state’s healthy financial standing and its stable socio-political environment have earned Sarawak commendable investment-grade credit ratings of A-, A3 and AAA by reputable international and domestic rating houses.

A Google search of the financial standing of the country’s largest state is sufficient to show that.

Lim’s hurtful remark, and other past disputes with the DAP, seem to have left a deep-rooted resentment of the party among GPS members, and last week, was payback time.

While it has been said that there are no permanent friends or foes in politics, this doesn’t seem to apply in the case of the GPS in this regard.

At one point, Masing even said the GPS was “more comfortable working with PAS than DAP.”

As the situation turned desperate, Sarawak DAP chief Chong Chieng Jen said the party was willing to make concessions with GPS to keep the Pakatan Harapan government intact, appealing to GPS “to put aside all past political differences and work together with Pakatan to save our country.”

Many interpreted the offer to mean the DAP’s readiness in not contesting in the upcoming Sarawak state elections.

But it came too late as the GPS had already made up its mind after having huddled together for two days at the Ritz Carlton hotel in Kuala Lumpur.

It remains to be seen what the GPS had asked for and what Muyhiddin has to offer.

It will be Sarawak’s gain over neighbouring Sabah as Chief Minister Datuk Seri Mohd Shafie Apdal opted to stay with Pakatan.

A statement from the Sarawak Chief Minister’s Office on Feb 29 said GPS supported Muhyiddin to restore political stability in the country without sacrificing Sarawak’s interest.

It also said that GPS would be friendly to the new Federal Government but was not a member of the Perikatan Nasional coalition.

Some senior leaders of the GPS said privately that they wanted to see what would be on the table but expected to be rewarded accordingly.

Others said that they were prepared to wait till the state elections were over – as these veteran politicians were aware that Pakatan would most certainly use the alliance with Perikatan Nasional as a rallying call against the GPS in the state polls.

Unlike Peninsular Malaysia, Sarawakian leaders are more interested in protecting and keeping their state positions rather than federal posts.

“The interest of Sarawak is more important than the interest of lawmakers, ” Masing told this writer.

But the immediate priority would be to demand a higher oil royalty from the current 5% and if this was a sticky point under Pakatan, it will likely remain so for the new Perikatan Nasional government.

The other is the Malaysia Agreement 1963, or more popularly known as MA63.

The agreement – an 18-point pact for Sarawak and 20-point for Sabah – was signed on July 9,1963, before the formation of Malaysia.

It is an important document safeguarding the rights and autonomy of the two states.

The 18-point and 20-point agreement covers religion, language, constitution, immigration, the position of the indigenous people, finance, tariffs and citizenship.

Sabahans and Sarawakians are understandably annoyed when they hear “orang Malaya” remark that these two states “joined Malaysia”, pointing out that they had, in fact, helped to form Malaysia.

In the peninsula, the governing state leaders are known as state executive councillors but over in Sabah and Sarawak, they are known as state ministers.

That also explains why Malaysians from the peninsula side need their identity card or passport when entering these two states, and state immigration have the right to deny anyone entry.

“Orang Semenanjung” who want to work in these two states have to apply for a work permit.

The same goes for lawyers who wish to appear in the courts of either state – they have to get approval beforehand.

Most Malaysians may not understand fully what MA63 is all about, even if they have become contentious political issues.

But most believe that the Federal Government has not given due recognition to the MA63 or that these safeguards have not been honoured or taken away.

Sarawakians want a greater degree of financial and political autonomy as compared to other states in the peninsula and not end up being merely one of the 13 states in Malaysia.

It remains to be seen how or what posts would be given to the GPS MPs, and whether this state coalition wishes to wait till the state polls are over before moving in but what is certain is that the new Prime Minister certainly cannot ignore the Land of the Hornbill.

Abang Jo’s words (now you know the value of the GPS) would surely ring continuously in the ears of the Prime Minister.

And now, this explains why a tiny country like Malaysia, with a population of over 32 million people, has a big Cabinet – it is simply because the Prime Minister has to accommodate so many geographical and ethnic interests.

It is also very possible that the Prime Minister may announce the appointments in batches, starting with the crucial ones. This will allow him time to tinker.

Drawing up the Cabinet list will be a more complicated task this time, unlike previously, as there are just so many variables that need to be considered.

Source link

Related posts:

Malaysian minority citizens being marginalized in Malaysia! We want leaders with calibre!

 

Covid-19 reaches the West


https://youtu.be/F_Jq7ItdHtA

Tourists wearing protective masks walks by the Duomo in central Milan on February 27,2020 amid fears over the spread of the novel Coronavirus. – The number of COVID-19 infections in Italy, the hardest hit country in Europe, hits the 400 mark late on February 26, with 12 deaths. (Photo by Miguel MEDINA/ AFP)

But keep cool, negative volatility will likely be followed by positive volatility

The coronavirus (Covid-19) outbreak has officially reached Western shores.

Since last week, the virus has spread to Europe, Brazil and the Middle East.

New cases have emerged across Europe.

There have been more than 81,000 people infected with nearly 3,000 deaths so far.

Just the previous Wednesday on Feb 19, stocks in the US were complacently at record highs, never mind that Asian markets were roiling and taking huge hits, thanks to the coronavirus that first took roots in Wuhan, China.

Asia has been battling this disease since January. Markets have been volatile but have since recovered as the number of infections have reduced and governments have been diligent at handling the disease.

It is like the domino effect, with the same reactions, panic and emotions that happened throughout Asia now migrating to the West.

It is almost deja-vu, seeing the fear and market reaction, no doubt the impact to the Dow and S&P 500 has a significantly larger impact.

The Covid-19’s largest impact is the fear it has transmitted with rapid speed.

In the US, stocks fell for a sixth straight day on Thursday, with the S&P 500 price index falling 4.4% and bringing this pullback officially into correction territory. On a six-day basis, the Dow Jones was down 13.4% at 25,766.64.

This plummet followed California governor Gavin Newsom’s revealing on Thursday that the state was monitoring 8,400 people for potential Covid-19 infections.

Adding to the bleak outlook, Goldman Sachs slashed its profit outlook and warned the outbreak could cost Donald Trump his reelection in November.

The MSCI all-country global index has dropped more than 7% over this six-day period. Considering stocks were at record highs the previous Wednesday, this is very harsh and painful.

Why, Tesla was all the hype earlier in February. It was US$901 on Feb 21, and new higher target prices were being touted by analysts, nevermind that the stock still didn’t have a price to earnings ratio.

In the last five days, Tesla’s share price had tumbled more than US$200 or 32.7% as of Thursday to close at US$679.

Don’t panic

For the average investor, panic has likely set in.

Whose confidence level would not be shaken with a 12% decline in the S&P 500 in six trading days?

Now talk of a 20% decline is starting to emerge.

Meanwhile the 10-year US treasury yield dropped below 1.3%, remaining in record-low territory.

The downward spiral in oil also continued with WTI crude toppling 2.71% to trade at US$47.41 per barrel on Thursday. Brent oil hovered at the US$51.42 level. So just barely two months into 2020, it is Covid-19 which has been responsible for crushing markets and dismantling profits across the globe.

Many have already slashed market forecasts for the year.

In the past two market stories featured on StarBizweek, readers would know that Fisher MarketMinder thinks that fears over the virus’ market impact are overdone. It thinks that this is part of a longer-running pattern prevalent throughout this bull market.

“The stock market will do what it does – rise and fall.

“If you’ve got a plan based on your risk tolerance and investment horizon, don’t let fear make you swerve in the wrong direction and lose traction.

“Panic is never a good investment strategy, ” says Fisher MarketMinder.

It adds that Covid-19 is grabbing attention because it is new and somewhat novel, but that doesn’t mean its economic effects far outweigh more familiar diseases.

The Center for Disease Control and Prevention estimates that there were 34,200 deaths in the United States from influenza during the 2018-2019 flu season.

For infections of Covid-19 outside of China, the mortality appears very low.

Furthermore, the people who are dying tend to be the old and immuno-suppressed or otherwise sick.

“Supply chain disruptions as officials work to contain the outbreak probably dent growth temporarily, but markets are efficient and likely pricing in these expectations as companies issue statements.

“Short-term volatility could linger, but patience should pay off, in our view, ” it adds.

As legendary investor Ben Graham once said, stocks are a voting machine in the short term and a weighing machine in the long term.

“Sentiment wins in the short term, but fundamentals matter most over more meaningful stretches.

“The ‘why’ and ‘how much’ behind sentiment swings strike us far less important.

“The emotional swing itself is what matters.

“Market fundamentals likely didn’t change on a dime seven days ago, ” says Fisher MarketMinder.

Thursday’s drop simply put US stocks back at mid-October levels.

Furthermore, the world hasn’t fundamentally changed.

While there is no way to know when this drop will end or how much further it will fall, no drop is permanent.

“Whether the rebound starts in days or weeks, whether it is fast or slow, if you have held on thus far, we think you ought to reap the good that comes with the bad.

“Corrections hurt your long-term returns only if you don’t participate in the rebounds that follow them.

“Selling may feel good at a time like this. But when you remove emotion from the equation, all it does is transform a market decline into an actual portfolio loss, ” says Fisher MarketMinder.

Another investor who is cheering is one of the smartest investors in the world, Warren Buffett, chairman and CEO of Berkshire Hathaway.

He says the stock market rout we’re witnessing today is “good for us.”

“We’re a net buyer of stocks over time, ” he says on CNBC.

“Most people are savers, they should want the market to go down.

“They should want to buy at a lower price.”

Buffett’s comments came as Dow futures were down by about 800 points or 3% on Monday as stocks around the world plunged as the Covid-19 outbreak escalated.

Regarding the coronavirus specifically, Buffett made clear that he is “not a specialist.” And he warns that “a very significant percentage of our businesses one way are affected.”

However, he reiterates that investors should be more focused on the long term, not the short term.

“If you’re buying a business, and that’s what stocks are… you’re gonna own it for 10 or 20 years, ” he says.

“The real question is has the 10-year or 20-year outlook for American businesses changed in the last 24 hours or 48 hours?” the legendary investor asks.

Source link

Read more:

Covid-19, politics and house prices

Malaysia’s economic stimulus package of RM20bil to mitigate Covid-19 impact


Video: https://www.thestar.com.my/news/nation/2020/02/28/gdp-target-within-reach?jwsource=cl

Minimum EPF contribution by employees to be reduced by 4% from 11% to 7%, with effect from Apr 1 to Dec 31, 2020. This will potentially unlock up to RM10 billion worth of private consumption. Malaysian workers have the option to opt out from the
scheme and maintain their contribution rate
    • KUALA LUMPUR: Tun Dr Mahathir Mohamad had on Thursday unveiled the RM20bil stimulus package to offset the fallout from the Covid-19 coronavirus.

Below are the highlights:

    • Based on three strategies: counter Covid-19 impact, boost people-based growth, encourage quality investments

 

    • • Bank Simpanan Nasional provides RM200mil micro credit at 4% interest rate

 

    • • MAHB to cut rental for tenants, landing charges and parking fees at airports

 

    • • Postponement of income tax monthly payment for tourism-related companies

 

    • • Bank Negara provides RM2bil guaranteed financial aid for SMES at 3.75% interest rate

 

    • • All banks required to reduce monetary burden in the form of postponement of payments or rescheduling of loans

 

    • • Temporary six months discount of as much as 15% for electricity bills for hotels, tourism agencies, airlines, and shopping centres

 

    • • Hotels to get service tax breaks from next month to august

 

    • • Economic growth for 2020 expected to be between 3.2% and 4.2%

 

    • • Minimum EPF contribution by employees to be reduced from 11% to 7%, with effect from april 1 to dec 31. This could unlock up to RM10bil worth of private consumption. Malaysian contributors have the choice to opt out from the scheme and maintain their contribution rate

 

    • • A payment of RM200 to all bantuan Sara Hidup (BSH) recipients scheduled for May will be brought forward to March. an additional RM100 will be paid into the bank accounts of all BSH recipients in May. Subsequently, an additional rM50 will be channelled in the form of e-tunai

 

    • • As a result of the stimulus package, fiscal deficit estimated to increase to 3.4% of GDP from targeted 3.2%

 

    • • Grants of RM1,000 to RM10,000 for entrepreneurs to promote the sale of their products on e-commerce platforms

 

    • • Securities Commission and bursa Malaysia will waive listing fees for one year, for companies seeking listing on Leading entrepreneur accelerator Platform (LEAP) or Access, Certainty, Efficiency (ACE) markets, as well as companies with market capitalisation of less than RM500mil seeking listing on the main market

 

    • • Import duty and sales tax exemption on importation or local purchase of machinery and equipment used in port operations for three years commencing april 1

 

    • • Enough source of money for now, no issuance of bonds needed

 

    • • Stimulus package to be funded by RM2 trillion savings from bank Negara, Tabung Haji, EPF

 

  • • Bureaucratic procedures will be expedited to disburse stimulus

Read more:

%d bloggers like this: