Like the proverbial Pied Piper, the coronavirus pandemic has escorted all global economies into their most turbulent era of existence. The Pied Piper walked into the German village of Hamelin as a stranger and managed to amass a massive following, only for the followers to subsequently fall into a trap from which they never really recovered.
A similar stance can be taken for the Fed Chairman, Jerome Powell, and the central banks all around the world, as they continue to bolster investor confidence by printing out an excessive amount of the world’s “reserve currency”.
As governments have rolled out financial aid during the debilitating epidemic, perhaps a big question needs to be answered: “Is there a way to ensure that the benefits of all the government spending ultimately go to local economies rather than financial and corporate elites?” …
Bridgewater Associates is the world’s largest hedge fund, currently managing $140 billion in assets. Its CO-CIO and Founder, Ray Dalio made some dramatic changes as unveiled by the recent 13F filings.
The firm offers three options to its clients namely the Pure Alpha Fund, the All-Weather Fund, and the Pure Alpha Major Markets Fund, amongst which the Pure Alpha Fund seeks to outperform through active management in non-correlated asset classes, whereas the All-Weather Fund is managed exclusively through Dalio’s famous notion of the “all-weather portfolio” which involves a lot of fixed income securities and treasury securities within the US and other emerging economies. …
So, I decided to compare its features and stats with those of its competitors to see whether only knowing Angular will be enough to survive in 2021. …
Angular has just released version 11 of its remarkable framework, so let’s explore Angular’s latest features.
Component test harness allows tests to interact with components using supported APIs. This was first introduced in Angular 9. These APIs have the ability to interact with the components in a similar way to the end-users and tests can insulate themselves against the changes in the DOM.
At that time, this mechanism only supported Angular material. But with the latest release, a Component harness is available for all components.
The following example shows the usage of
MatButtonHarness in Angular…
When the modified bugs reproduce with regular ones, their female offspring won’t survive. The result: a massive decline in the number of disease-carrying mosquitos. The risk: still up for debate.
It’s not quite the 1990s Bill Gates, berating underlings into defending and advancing the all-powerful reign of Windows. But it’s also not the earnest softie making a patient and smiley plea for us all to do better. This is a Gates who demands his listener understand the stakes, and urgency, right now — and who frankly doesn’t have the patience to tolerate listeners who don’t get it. (And for good reason, given the circumstances.) He’s still a thoughtful person with selfless intent, but with merciless acumen and sharp elbows.
“With repeated releases over a number of weeks, the population of females gradually reduces,” says Kevin Gorman, Oxitec’s head of global field operations. “And we end up with vector control. It’s taking away that vector that is intended to reduce the incidence of disease.”
In the Wired interview — you can hear or read it here; there’s some editing variance between the audio and the transcript — Gates starts out critical, but measured and calm. And he professes to remain optimistic, at least when it comes to developing a vaccine.
It was right around this time that Gates put on a pink sweater and gave what’s now a famous TED Talk: “We’re Not Ready for the Next Epidemic,” which is exactly what it sounds like. Though the message is dire in the extreme — the world did a bad job fighting Ebola and did not seem to have learned much from that failure — he’s calm, professorial, reassuring. The next outbreak might be “more devastating” but “science and technology” can save us from that fate, if we prepare.
Oxitec, the U.K.-based company that engineered the mosquitoes, plans to place boxes filled with mosquito eggs in the area, releasing male mosquitoes bred with the self-limiting gene. When they breed with female mosquitoes, female offspring won’t survive. Because only female mosquitoes bite humans, this can help stop the spread of disease. The species they’re targeting is the Aedes aegypti or “yellow fever” mosquito, an invasive species that transmits diseases such as dengue, chikungunya, and Zika.But along the way, his comments start to sound more and more like Microsoft-era Gates. He calls treatment trials “chaotic,” adding: “It’s insane how confused the trials here in the U.S. have been.” And he sounds amused but exasperated as he describes having to meet with anti-vaxxer Robert Kennedy Jr. and others as some sort of precondition for talking to administration officials: “There was a meeting where Francis Collins, Tony Fauci, and I had to [attend], and they had no data about anything. When we would say, ‘But wait a minute, that’s not real data,’ they’d say, ‘Look, Trump told you you have to sit and listen, so just shut up and listen.’” But keeping an even keel, he dismisses this episode as “a bit strange.”A Big Bet on a Low-Cost Covid-19 Vaccine, By the Numbers
The world’s largest vaccine maker and the Gates Foundation bet big on a Covid-19 vaccine that’s still being testedmarker.medium.com
In the Florida Keys, the local mosquito control agency has just approved the release of 750 million genetically engineered mosquitoes. The test, which is likely to begin in 2021, will be the first time that mosquitoes — designed to be “self-limiting,” meaning that they’ll breed offspring that can’t survive — will be used in the United States.
Then, about 11 minutes into the audio edit, the question about testing comes up — the one that inspired his “just stupidity” response — and you can really hear how appalled Gates is, as he explains the problem of testing labs being paid the same whether results take a couple of days or a couple of weeks. “If you don’t care how late the date is and you reimburse at the same level, of course they’re going to take every customer,” he says sharply. “Because they are making ridiculous money… You have to have the reimbursement system pay a little bit extra for 24 hours, pay the normal fee for 48 hours, and pay nothing [if it isn’t done by then]. And they will fix it overnight.” …
FILE — In this May 3, 2020 file photo, containers are loaded on a ship at the Saigon port in Ho Chi Minh City, Vietnam. (Source: AP Photo/Hau Dinh, File)
By Associated Press | November 15, 2020 at 10:39 AM EST — Updated November 15 at 10:39 AM
(AP) — China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.
The Regional Comprehensive Economic Partnership, or RCEP, was signed virtually on Sunday on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations. …
TORONTO — Five things to watch for in the Canadian business world in the coming week:
National home sales
The Canadian Real Estate Association is set to release figures for October home resales on Monday. The association recently reported that home sales set a monthly record in September and the national average price soared 17.5 per cent from last year.
George Weston earnings
George Weston Ltd. will announce its Q3 2020 results on Tuesday. The company’s subsidiary Loblaw Companies Ltd. beat quarterly expectations and boosted its dividend on Nov. …