Loans – Innovation Engineering http://www.innovation-engineering.co.uk/ Tue, 27 Apr 2021 12:23:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://www.innovation-engineering.co.uk/wp-content/uploads/2021/04/cropped-icon-32x32.png Loans – Innovation Engineering http://www.innovation-engineering.co.uk/ 32 32 Ten-year-old girl ‘raped by uncle’ has abortion in Brazil https://www.innovation-engineering.co.uk/ten-year-old-girl-raped-by-uncle-has-abortion-in-brazil/ https://www.innovation-engineering.co.uk/ten-year-old-girl-raped-by-uncle-has-abortion-in-brazil/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/ten-year-old-girl-raped-by-uncle-has-abortion-in-brazil/

Ten-year-old girl ‘raped by uncle’ has abortion in Brazil as mobs try to storm hospital to stop procedure

  • Girl from Sao Mateus in Espirito Santo taken to hospital with abdominal pain
  • She ‘confessed to medical staff that her uncle had been raping her since she was six’
  • A crowd of religious protesters gathered outside the clinic as she underwent an abortion

A crowd of religious protesters tried to storm a hospital in Brazil to prevent a ten-year-old girl from having an abortion after being ‘raped by her uncle’.

The girl, originally from Sao Mateus in Espirito Santo, was reportedly rushed to hospital after complaining of abdominal pain.

She learned that she was pregnant and confessed to medical staff that her uncle had raped her since she was six years old.

The child added that she had never reported him to the authorities because he had threatened her, Brazilian news site G1 reported.

Pictured: Crowds of religious protesters gather outside a referral hospital in Pernambuco as a ten-year-old girl has an abortion

Her uncle, 33, was reportedly indicted for rape and is on the run.

The ten-year-old girl underwent an abortion procedure at a referral hospital in Pernambuco, where angry protesters gathered outside and attempted to break into the clinic to prevent her from getting away. to pursue.

Military police were called in to protect the young patient after right-wing extremist Sara Giromini allegedly disclosed the girl’s name and the hospital’s name in a video she posted on social media.

In a statement, Facebook said: ‘The video in question was removed for violating our policies by promoting potential harm to people in the offline world in a coordinated manner. ”

The girl, from Sao Mateus to Espirito Santo, was reportedly rushed to hospital after complaining of abdominal pain.

The girl, from Sao Mateus to Espirito Santo, was reportedly rushed to hospital after complaining of abdominal pain.

She learned that she was pregnant and confessed to medical staff that her uncle had raped her since she was six years old.  Pictured: Women protecting the daughter of protesters

She learned that she was pregnant and confessed to medical staff that her uncle had raped her since she was six years old. Pictured: Women protecting the daughter of protesters

Protesters, linked to religious groups, reportedly tried to prevent the hospital director from entering the building.

A group of mostly women had also stood outside the clinic to protect the young girl from the protesters.

According to hospital management, the girl is doing well.

The Pernambuco health department said the procedure had been carried out with judicial authorization and that “all legal parameters were strictly observed”.

Sao Mateus Children’s and Youth Prosecutor’s Office is investigating whether religious groups tried to pressure the girl’s family to refuse abortion after analyzing audio clips sent to them .

Protesters, linked to religious groups, reportedly tried to prevent the hospital director from entering the building (pictured)

Protesters, linked to religious groups, reportedly tried to prevent the hospital director from entering the building (pictured)

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How astronaut Nick Hague survived an aborted Soyuz flight https://www.innovation-engineering.co.uk/how-astronaut-nick-hague-survived-an-aborted-soyuz-flight/ https://www.innovation-engineering.co.uk/how-astronaut-nick-hague-survived-an-aborted-soyuz-flight/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/how-astronaut-nick-hague-survived-an-aborted-soyuz-flight/

Nick Hague is a lucky man. On October 11, 2018, less than two minutes flying at 4000 km / h and about 30 miles above Earth, his Soyuz MS-10 rocket broke down. Quick thinking and automated systems immediately separated the crew from the rocket and allowed them to make a violent re-entry of the bullet into Earth’s atmosphere. They landed, of course, very far from their route in a remote part of Kazakhstan, but at least they were alive – and unharmed. Steadfast, The Hague once again flew on the Soyuz MS-12, in 2019, this time docked at the International Space Station and living there for several months. We recently caught up with The Hague, 44, to discuss these events and more. Here are edited excerpts from a longer phone conversation from his home in Houston, Texas.

Jim clash: What do you remember when the Soyuz outage happened?

Nick hague: When you get on the rocket, you rely on your training – the hours spent in the capsule working side by side with the crew going through all kinds of setbacks. You always wait for something to go wrong, always cutting back. Are the systems working as they are supposed to? Obviously, this was my first time going on a rocket, so there was also the sensory overload and the expectation of a smooth ride. “Hey, we’re on our way to space.” And then it all happened in about a quarter of a second. The first was the aggressive side-to-side shake which hit us pretty well. Then it was the tumbling motion as the main warning sounds and you hear the howl in your ear, the red light flashing, saying we’ve had a rocket failure. I distinctly remember thinking, ‘Wow, that just happened. But we had faked it once before, eight months earlier. In the simulator, it’s a pretty quick thing to happen. Normally we are stuck for about six hours through a full profile. So when we try something like that, it’s over in about five minutes. It’s a pretty quick lesson.

Shock: At least you had faked it, even though it had only been a short time. What happened next?

The Hague: Without too much conversation between Alexey [Ovchinin] and I figured out where we needed to be in the list of procedures, what actions we needed to take. Alexey spoke immediately with the ground, communicating that we had had a rocket failure. I was diving into the computer to find information on the ground so that they could get projections of where we were going to land. The separation of the rocket is automated. You are traveling at 4000 km / h and the computer detects how far you have deviated from your flight path. If you go too far out of flight parameters, the exhaust system kicks in. When the outer tank crashed into the rocket, it pulled us out of its way enough that it immediately fired the rockets into our fairing. It put us to safety.

Shock: You continued to climb for a while because of the inertia of 4000 km / h, right?

The Hague: Oh, absolutely. Failure happened at about 30 miles and we peaked at about 50 miles.

Shock: So you were officially an astronaut at that time?

The Hague: It depends on the definition you use. We did not meet the US Air Force’s 50 nautical mile requirement, but we did not quite meet the 100 kilometers (62 miles) that the international community uses. I often get this question. But as far as I’m concerned, “Yes, I did.” We were weightless for about three minutes. So I had a very expensive Virgin Galactic experience [laughs].

Shock: At the start of the school year, did you see the typical fire outside your capsule window? How many G did you draw?

The Hague: We didn’t have orbital speed, so the capsule looks flawless because we weren’t going fast enough for it to trigger the burn. But our G forces were actually twice what you would feel on a normal reentry because we were going straight up and down straight down. We got into the atmosphere a lot before we started to slow down. But we heard the full force of the wind pick up and sank into our seats at about six and a half to seven Gs. It was like someone sitting on your chest. Again, however, we practiced for stuff like that in the juicer – at eight G for 30 seconds. You tighten your legs by doing this very forced breath, then holding it. My second start [MS-12] was not uncomfortable. I think we got to just under four G.

Shock: Once the parachutes open, what is the feeling?

The Hague: I had heard that the opening of the parachute was dynamic, but it is a really very aggressive event. They open up and you’re sort of spinning. I saw Go-Pro footage from inside our capsule where our zero-G counters fly all over the place for 10 seconds. It was a little surprising to me, partly because I didn’t expect to land on the same day and because of the shaking.

Part 2: Nick Hague returns to Soyuz after rocket failure

Part 3: Astronaut Nick Hague on COVID-19: “We manage the risk in life”

Part 4: What happens if a space junk hits an astronaut during the EVA?

Part 5: Virgin Galactic customers should focus on sight, not weightlessness


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The death toll in the United States reaches 1,000; number of confirmed U.S. coronavirus cases overtake China https://www.innovation-engineering.co.uk/the-death-toll-in-the-united-states-reaches-1000-number-of-confirmed-u-s-coronavirus-cases-overtake-china/ https://www.innovation-engineering.co.uk/the-death-toll-in-the-united-states-reaches-1000-number-of-confirmed-u-s-coronavirus-cases-overtake-china/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/the-death-toll-in-the-united-states-reaches-1000-number-of-confirmed-u-s-coronavirus-cases-overtake-china/

Unionized health workers in California believe they have recovered 39 million stock N95 masks, The union mentionned Thursday, as health workers struggle to protect themselves from coronavirus infections.

Frontline healthcare workers have raised concerns about the lack of masks, said Dave Regan, president of the medical workers branch of the International Union of Service Employees in California.

“So we dove into the bottom of the pool and started making calls,” Regan told the Washington Post.

Union workers have found a company in Pennsylvania that supplies the masks, Regan said. The masks filter 95% of airborne particles.

The supplier ships worldwide, Regan said, and countries are hit early and hard by over-ordered coronavirus infections by the millions. Some orders have been canceled or returned, Regan said, leaving a surplus.

Regan declined to identify the company, fearing it would be overloaded with requests for support, and it was unclear why the seller hadn’t just offloaded the stock in recent weeks, as supply chains across the board nationwide were tense.

The supplier will sell masks directly to Kaiser Permanente, the State of California and others, Regan said.

But the Greater New York Hospital Association, one of the buyers referenced by SEIU, said they were not going ahead with the purchase after the limited company denied a request to visit the facility.

“It’s a red flag,” said a spokesperson for the association. But although the SEIU listed the association as a buyer, that was not the case Thursday night, said the spokesperson, who added that the association “ultimately did not see this as a credible opportunity. “

Sutter Health, a nonprofit health system, said SEIU helped them secure 2 million masks. “We will work to distribute these masks in our system where they are needed most,” said a spokesperson.

Riverside County, Calif., Another buyer listed by SEIU, said, “We are in the early stages of discussions with SEIU regarding a potential supplier.”

Regan recognizes the logistical challenges in unprecedented time.

He believes the masks are available for sale from a reputable company, which he says has been approved, and hopes the logistical headaches will resolve in the coming days.

“It’s the Wild West,” he says. “There are a lot of good actors and a lot of shady actors.”

This story has been updated.


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Paycheque protection program rebuilt, but still many loopholes https://www.innovation-engineering.co.uk/paycheque-protection-program-rebuilt-but-still-many-loopholes/ https://www.innovation-engineering.co.uk/paycheque-protection-program-rebuilt-but-still-many-loopholes/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/paycheque-protection-program-rebuilt-but-still-many-loopholes/

The Trump administration has closed several gaping loopholes in a coronavirus Small Business Relief Program that allows hundreds of larger businesses to claim federal loans. Still, gaps remain, heightening fears that Main Street could be ruled out even in this second bailout.

Demand for the forgivable, low interest Paycheck Protection Program Loans remains intense, especially after the money started flowing again on Monday after Congress injected an additional $ 310 billion in funding. But the biggest players, including publicly traded companies, can still access PPP funds. Examples include:

  • Hotels and restaurant chains, regardless of their size, remain eligible for PPP loans. This is even after a public review led a number of leading restaurant chains, including the owners of Ruth’s Chris Steak House and Shake Shack, to repay their same day loans of $ 20 million and $ 10 million, respectively. In contrast, the Ashford hotel management chain has refused to return nearly $ 60 million he has already received under the program.
  • Manufacturers who have outsourced their production in recent years also remain eligible for the program. This is because PPP loans are based on the number of employees of a company in the United States, not the larger global workforce of companies.
  • Many industries still qualify for special exemptions from the program’s requirement that employers have no more than 500 workers. For example, kombucha bottler New Age Beverages, which has nearly 1,000 employees, secured a loan of nearly $ 7 million in the first phase of PPP funding. Notably, he would still be eligible for the program, as a loophole stipulates that soft drink manufacturers can have up to 1,250 employees and still be eligible for a loan.

Some loopholes have been closed

The government released guidelines last week that corrected some of the loopholes used by large businesses to get help for small businesses under the Paycheck Protection Program. The biggest change was in publicly traded companies.

According to an analysis of public documents by CBS News, 230 state-owned companies borrowed a total of nearly $ 800 million in the first round of nearly $ 350 billion PPP funding. On Thursday, the Treasury Department discouraged other state-owned companies from seeking the loans and encouraged some companies that had previously obtained loans to repay them.

As of Monday, 17 state-owned companies announced they were making nearly $ 115 million in PPP loans, according to CBS News analysis. the the Los Angeles Lakers of the NBA also said it would return its nearly $ 5 million PPP loan.

 

Minority-owned businesses hope for help

03:41

The Treasury Department has said that borrowers of PPP loans must certify that they cannot get money elsewhere. This standard applies retroactively to any organization that has received funds.

“It is unlikely that a state-owned enterprise with substantial market value and access to capital markets will be able to make the required certification in good faith,” the latest Treasury guidelines say.

Another major loophole that the government has closed concerns hedge funds and private equity firms. The original PPP loan legislation made it clear that banks and other financial firms, including investment firms, were not eligible to take advantage of the program.

Still, some hedge funds have reportedly asked banks if they are eligible for the program. On Friday, the Small Business Administration clarified that fund managers at wealthy individuals and institutions, as well as private equity firms, are not eligible for PPP.

Despite these measures to preserve PPP funds for small businesses, gaps remain.

“We’re frustrated,” said Jeff Hauser, a government watchdog who is the founder and leader of the revolving door project. “We are not convinced that PPPs operating through the SBA [and] Cash is a better solution than going through the IRS and invoking something like that [other countries] was doing. ”

PPP jobs still available for hotels

The Treasury Department has left the biggest loophole wide open. Hotel and restaurant chains, regardless of their cumulative size, remain eligible for PPP loans for their individual sites with fewer than 500 workers. The rationale is that the hospitality industry has been particularly damaged by the impact of the coronavirus on the economy.

That’s right: vacancy rates of around 90% have been common in hotels across the country since the coronavirus shutdown. But public backlash has prompted some hotel and restaurant chains to repay their PPP loans. Not all of them, though: The Red Lion hotel chain has received $ 4.3 million in small business support. It has 1,000 locations, most of which operate as franchises.

 

Mnuchin Announces “Full Review” of Large PPP Lo …

01:40

During the weekend, CBS MoneyWatch reported that Monty Bennett, whose Ashford hotel management chain and related entities oversee 130 hotel properties, not only planned to keep the more than $ 60 million he had already received from the small business program, but continued to seek $ 66 million additional dollars in PPP loans in the second tranche.

Bennett said his company had virtually no income, would be excluded from a separate Federal Reserve aid package for other businesses its size, and would have difficulty borrowing elsewhere.

Welcome, offshorers

President Donald Trump has repeatedly berated companies that have moved American manufacturing jobs to other countries. But the paycheck protection program actually allows some companies that have moved jobs overseas to get help. And they’re not always small businesses.

Culp, the largest national manufacturer of mattress and other furniture fabrics, employs nearly 1,500 people. This would appear to have the effect of expanding the business from paycheck protection program funds, but the business landed a $ 7.6 million loan. The loophole: Many Culp employees are no longer in the United States

Two decades ago, the High Point, North Carolina-based company made almost all of its products in the United States. But since the late 1990s, it has transferred much of its production abroad. Culp now has manufacturing plants in Vietnam and Haiti.

The PPP only counts a company’s U.S. employees during the eligibility review, which appears to have made Culp eligible for the program. In its latest financial report, the company said that only about a third of its 500 employees in its upholstery division are in the United States, the rest are in China. The company is not disclosing its full U.S.-based workforce, and Culp has not returned CBS MoneyWatch’s request for comment.

 

Business owners struggle with the PPP program

02:33

Companies can only apply for a loan to cover the salaries of their American employees. But Culp has moved closer to the maximum of $ 10 million that most borrowers are eligible to receive. The company announced time off on April 3, the same day the PPP loan program began accepting applications, but did not say how many employees were affected.

Some industries get a pass

The program is generally offered to businesses with 500 or fewer employees. But a number of industries have obtained exceptions to this cap. Ammunition makers, for example, can have up to 1,500 American workers and can still benefit from PPP funding.

Such exceptions are allowed under the normal SBA loan eligibility rules, which were enacted long before the paycheck protection program was launched. It is not clear why the exceptions exist, but at least some are incorporated into the SBA rules to promote industries, like manufacturing, that had been declining in the United States.

Other industries have less obvious exceptions, such as soft drink bottlers like kombucha vendor New Age Beverages. The include:

  • Companies that specialize in chartering private jets are allowed to have up to 1,500 employees and are still eligible for a PPP loan.
  • Used car dealers do not have an employee limit until they exceed $ 27 million in annual sales. (It is not clear whether this loophole helped AutoNation, with 350 dealerships and a total of $ 21 billion in total sales, receive nearly $ 80 million in PPP loans before the Fortune 500 company returned the money last week.)
  • Even the yacht industry has a loophole: Boat dealers can have up to $ 35 million in annual sales and still be eligible for the PPP program.

Additional reporting by Megan Towey of CBS News.

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The rebirth of the great American debate on abortion https://www.innovation-engineering.co.uk/the-rebirth-of-the-great-american-debate-on-abortion/ https://www.innovation-engineering.co.uk/the-rebirth-of-the-great-american-debate-on-abortion/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/the-rebirth-of-the-great-american-debate-on-abortion/

One thing is remarkable about a brief filed this week in the United States Supreme Court by Republican members of the United States Congress asking the court to overturn federal laws that establish a woman’s right to have an abortion.

Of the 207 members of the United States Senate and United States House of Representatives who have signed it, 181 are men and 16 are women. All but two of the signatories are Republicans.

It’s the dawn of a new decade, but somehow it feels like a throwback to the future – men telling women what women can do with their own bodies.

The brief is one of more than 50 that have been filed in the case of June Medical Services LLC v. Gee, which is due to be argued in the United States Supreme Court on March 4.

Abortion providers are challenging the constitutionality of Louisiana’s 2014 law, which requires doctors who perform abortions to have the right to admit patients to a nearby hospital. So far, only one doctor in Louisiana has met this requirement. The case went to the country’s High Court when a panel of three judges from the Fifth Circuit Court of Appeals broke with the precedent and ruled Louisiana’s law to be constitutional.

The Supreme Court struck down a similar law in Texas in 2016 by a 5 to 3 vote, but that was before President Donald Trump, who had pledged as a candidate to appoint only “pro-life” judges. ”, Appointed judges Brett Kavanaugh and Neil Gorsuch. .


Abortion supporters fear that Roe vs. Wade, the law of 1973 authorizing abortion during the first trimester of pregnancy, is threatened.


On behalf of the Trump administration, United States Solicitor General Noel Francisco filed a brief saying the court should dismiss the challenge to Louisiana’s law because abortion providers lack “standing. To bring legal action or, alternatively, to authorize the requirement of admission of privileges.

The question of standing refers to a general rule that individuals can bring an action in federal court to protect their own rights but not the rights of others.

Federal Court Fellows, a group of university professors who specialize in legal issues relating to standing, filed an amicus brief in which they argue that physicians have historically been “third party” in law. because of their close relationship with patients. The group said that the revocation of third party status in the June “Would have broad and perhaps unintended ripple effects across the body of the continuing jurisprudence of this Court.”

An amicus or “friend of the court” brief is intended to help the Court decide thorny issues.

The brief filed by GOP lawmakers argues that cases establishing the right to abortion, including Roe vs. Wade, are confusing, impractical and should be reconsidered.

Democratic members of the US Congress filed a brief earlier this month asking the court to uphold its precedent, overturn the Fifth Circuit ruling and overturn Louisiana’s law. The Democratic brief has 197 signatories, including 45 women.

Various groups weigh

Numerous amicus briefs have been filed by organizations with religious affiliations, including the Christian Legal Society, Priests for Life, The Thomas More Society, Catholics for Choice, and the Institute for Faith and Family.

The United States Conference of Catholic Bishops maintains that Louisiana law protects the health and safety of women injured as a result of abortion. The Conference argues that physicians who oppose the law “have interests that are totally unfavorable” to their patients.

The American Bar Association asks the Court to adhere to the concept of “stare decisis” or precedent, the “centerpiece of the rule of law … No matter how deep the disagreement with the precedents of this Court is and morally sound, the rule of law requires lower courts to strictly apply the directions of this Court…. “

The National Women’s Law Center and “72 other organizations dedicated to equality and economic opportunity for women” claim that the inability to make reproductive decisions denies women “equal participation in social and economic life. ell-being, job security, participation in the labor market, level of education, health, personal safety and independence. The Center says the impact is felt disproportionately by poor women.

The American College of Obstetricians and Gynecologists, American Medical Association, American Academy of Nursing, etc. claim that it is “medically unnecessary” for an abortion clinician to have admitting privileges to a nearby hospital. “Across the country, patients are being harmed by medically unnecessary restrictions placed on abortion practitioners. Laws governing abortion should be evidence-based and supported by valid medical justification, ”the group argues.

A group of nine “African American pro-life organizations” say the majority of abortion clinic patients in Louisiana are black women. The group argues that abortion providers should be required to follow a Louisiana law requiring admitting privileges for physicians in outpatient and outpatient surgery centers. This requirement, they argue, guarantees a higher level of “physician competence”.

The debate before the Court in March will clearly generate great public interest. Unfortunately, the public will not be able to see the proceedings as the court still refuses to allow cameras in its courtroom. www.supremecourt.gov.


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Chinese state media celebrates the best entrepreneurs, but not Jack Ma https://www.innovation-engineering.co.uk/chinese-state-media-celebrates-the-best-entrepreneurs-but-not-jack-ma/ https://www.innovation-engineering.co.uk/chinese-state-media-celebrates-the-best-entrepreneurs-but-not-jack-ma/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/chinese-state-media-celebrates-the-best-entrepreneurs-but-not-jack-ma/

Jack Ma was clearly absent from a list of top Chinese entrepreneurs released by state media on Tuesday, pointing out how much the iconic Alibaba co-founder has clashed in Beijing.

Ma, celebrated at home for founding some of his country’s biggest companies, did not feature a front-page Shanghai Securities News commentary touting major tech. Instead, the Chinese official newspaper touted rival Pony Ma as “rewriting the mobile age” with Tencent Holdings. BYD Co. chairman Wang Chuanfu, Xiaomi Corp co-founder Lei Jun, and Ren Zhengfei of Huawei Technologies Co. were also on his list.

The short editorial – which appeared on the same day as Alibaba Group Holding Ltd. must disclose profits – could help allay fears Tencent could be caught in a broader industry crackdown now focused on Ma’s Alibaba and Ant Group Co. Beijing has launched a campaign to reduce the growing power of private tech companies in almost every facet of Chinese life, as evidenced by the ubiquity of Tencent’s WeChat messaging service. Shares of Tencent and Xiaomi rose more than 2% on Tuesday.

Jack Ma’s absence is telling given that Shanghai Securities News is the most prominent business publication in Alibaba’s backyard. The billionaire made his first public comments in January since he disappeared from sight late last year, after his now infamous reprimand from Chinese regulators sparked a backlash that derailed the record public offering of $ 35 billion from Ant and launched an investigation into its e-commerce giant. Much about the future of China’s most recognizable and outspoken businessman remains unclear.

“A generation of Chinese entrepreneurs emerged from the rigid structures of our old economic system with the desire to escape poverty and the passion to achieve business ambitions,” the newspaper wrote, supported by the state-run Xinhua news agency. . “They have breathed new life into China’s economic reforms.”

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UofL secured ‘relief’ funding from private lender while lobbying legislature for taxpayer guaranteed loan – The Bluegrass Institute for Public Policy Solutions https://www.innovation-engineering.co.uk/uofl-secured-relief-funding-from-private-lender-while-lobbying-legislature-for-taxpayer-guaranteed-loan-the-bluegrass-institute-for-public-policy-solutions/ https://www.innovation-engineering.co.uk/uofl-secured-relief-funding-from-private-lender-while-lobbying-legislature-for-taxpayer-guaranteed-loan-the-bluegrass-institute-for-public-policy-solutions/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/uofl-secured-relief-funding-from-private-lender-while-lobbying-legislature-for-taxpayer-guaranteed-loan-the-bluegrass-institute-for-public-policy-solutions/

There was a time – June 2019 to be exact – when the president of the University of Louisville Neeli Bendapudi believed that the continued purchase of the Jewish Kentucky One Health Hospital was too much risk. According to Mail JournalUofL officials said they “must do what is financially responsible” for the school. Bendapudi said, “Without a viable partner, we don’t have the resources to make the acquisition a reality.”

Fast forward to August 2019, UofL’s challenge of finding a “viable partner” to help finance the purchase was resolved when state leaders pledged to provide a $ 50 million loan guaranteed by taxpayers. Yet Bendapudi called that “The most difficult decision” she has ever faced and said the loan was “vital” in moving forward with the acquisition of failing hospital.

At least that’s what we told the public.

One of the most interesting (and curious) reporting nuggets from this period came from WDRB’s Chris Otts. In a story from September 2019, Otts revealed as the CEO of UofL Health Tom miller told a group of doctors that “the university can actually ‘succeed’ with the takeover even without the state government’s $ 50 million.” No doubt surprised that his personal thoughts on the loan were shared with WDRBMiller said UofL Health “was exploring several scenarios that would position us for success.”

Over the past year, the Bluegrass Institute’s Center for Open Government obtained more than a thousand pages of documents related to the UofL’s decision to buy the Jewish hospital. From these documents, we have reconstructed a scenario – called “fallback” in a document – envisaged by UofL officials involving a $ 30 million line of credit from PNC Bank.

The effort to secure a line of credit from private financial institutions was unfolding as Bendapudi and Miller told the public and members of the Kentucky General Assembly that the taxpayer loan was essential for the deal to work.

A timeline interweaving public statements from UofL with documents revealing what was going on under the radar is helpful in understanding the totality of the university’s activities to secure the taxpayer loan – and its back-up plan.

August 14, 2019. Louisville University ad its intention to acquire the assets of Kentucky One in Louisville. The mail journal reported that “university and state officials have spent the last few weeks figuring out how to give the university the financial support it needs to make such a massive acquisition on its own.” UofL documents shown the Kentucky Economic Development Finance Authority recommended a 20-year loan of $ 50 million with no principal repayment or accrued interest for the first five years.

September 9, 2019. Miller told the Medicaid Joint Oversight and Advisory Committee that the KentuckyOne takeover and the proposed $ 50 million state loan are vital to protecting jobs, the school’s medical school and the medical access in underserved areas of Louisville. (Louisville business first)

September 11, 2019. WDRB reports on a recording of Miller telling a group of doctors “whether (the state loan) happens or not, we have a plan associated with that on how to be successful.” Miller continued, “It’s great to have this as a backup; it’s just a great resource to have.

The history of the returned WDRB to comments made by Bendapudi when announcing the agreement. She called (the state loan) “vital” and said there was “no chance” that the university would have agreed to take over the properties of KentuckyOne Health without outside funding – mainly the state pledge of $ 50 million.

September 20, 2019. At a meeting of the Finance Committee of the Board of Directors of the University Medical Center (UMC), Chief Financial Officer (CFO) of UofL Health Michael douzuk “Summarized Conversations” with the CFO of the University of Louisville, Dan Durbin, which resulted in a request to “establish a relief line of credit for the UofL hospital”. The minutes of the meeting state that “members present agreed that even though the request was for $ 30 million, they support up to $ 50 million if deemed appropriate.”

September 24, 2019. At a meeting of the UMC board of directors, chaired by Bendapudi, Durbin reported that “the (finance committee) had, at his request, discussed opening a $ 30 million line of credit. dollars… to generate cash when needed. ” The UMC Board of Directors voted unanimously to authorize the solicitation of bids for the opening of a new line of credit.

October 18, 2019. Douzuk reported to the UMC Finance Committee that he had met with representatives of the Old National Bank, Republic Bank and PNC Bank regarding a $ 30 million line of credit. The committee, chaired by Durbin, voted unanimously “to authorize the CEO and CFO of UMC to finalize the terms of a line of credit.”

November 1, 2019. UofL concludes agreement to purchase Jewish hospital and other KentuckyOne healthcare assets in Louisville area. Bendapudi call him “An exciting and historic day for the University of Louisville.” Responding to a question about Miller’s claims that the state loan was not necessary, Bendapudi said, “I think maybe he wouldn’t have said it right … (he) was trying to make sure people weren’t panicking.” She also said, “We really, really need this loan; we really do. In addition, it was reported UofL CFO Dan Dubin “implored members of the board of directors of the university’s nonprofit foundation to ‘influence the right people’ to back the loan.”

November 8, 2019. Douzuk sent an email informing UofL Health CEO Tom Miller that he had “received three bank proposals for a $ 30.0 million line of credit for UMC.” Douzuk continued, “I recommend based on cost of borrowing and the absence of unreasonable operating conditions, PNC is my bank of choice.”

November 15, 2019. The pre-deposited version of HB 99 is introduced. On the same day, the minutes of the UMC finance committee meeting reveal that Douzuk informed the committee of the decision to obtain the line of credit, as authorized by the board of directors last month. . Durbin chaired the meeting.

November 19, 2019. At the November meeting of the UMC Board of Directors, Douzuk “reviewed the decision, after examining three proposals, to obtain a line of credit from PNC Bank”. The Council unanimously approved the recommendation. Bendapudi, the chairman of the board, was absent from the meeting.

January 7, 2020: UMC executes $ 30 million line of credit loan agreement with PNC Bank. Douzuk signs the agreement on behalf of UofL Health. The same day, HB 99 is classified and assigned to the House Appropriation and Revenue Committee.

By the end of the 2020 session, UofL had convinced the General Assembly to make taxpayers the “right partner” Bendapudi said his university needed to buy a Jewish hospital.

Behind the scenes – away from members of the legislature and the public – it appears that UofL’s so-called fallback plan was obtained much earlier than that.


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Fauci ‘absolutely did not’ surprise Trump contracted virus after ‘super-spread’ event https://www.innovation-engineering.co.uk/fauci-absolutely-did-not-surprise-trump-contracted-virus-after-super-spread-event/ https://www.innovation-engineering.co.uk/fauci-absolutely-did-not-surprise-trump-contracted-virus-after-super-spread-event/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/fauci-absolutely-did-not-surprise-trump-contracted-virus-after-super-spread-event/

Shares fell on Monday as prospects for a final push between the White House and Congress faded to negotiate a coronavirus relief deal.

The Dow Jones Industrial Average fell sharply at the closing bell, dropping 408.8 points, or 1.43%.

The losses came as the deadline set by House Speaker Nancy Pelosi (D-Calif.) For a possible bailout was drawing closer. Over the weekend, Pelosi said a deal on coronavirus aid must be hit Tuesday for Congress to pass legislation before election day. But losses on Wall Street accelerated in the afternoon as the closing bell approached and a breakout in Washington never materialized.

The S&P 500 index fell 56.9 points, or 1.63%, at the end of the trading day, while the Nasdaq, the Nasdaq, lost 192.7 points, or 1.65%.

For months, investors had expected another round of government relief, with the potential of hundreds of millions of dollars for struggling households and businesses. But talks about a deal have repeatedly advanced and blocked, although Federal Reserve officials and other economic experts have said the US recovery depends on strong financial support from the federal government. With just one day before the deadline, investor sentiment appeared to be worsening.

Investors also took note of some positive economic developments on the world stage. China announced Monday that its economy grew 4.9% between July and September, compared to last year. But the financial update has been tempered by the harsh reality of the contagion itself. The number of confirmed cases worldwide exceeded 40 million for the first time. And many states are seeing an increase in new infections in the past seven days, including Texas, Florida, Wisconsin and Michigan.

Even with Monday’s losses, all three major indexes are expected to post gains for October.


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Thousands protest Alabama’s abortion law at rallies across the state https://www.innovation-engineering.co.uk/thousands-protest-alabamas-abortion-law-at-rallies-across-the-state/ https://www.innovation-engineering.co.uk/thousands-protest-alabamas-abortion-law-at-rallies-across-the-state/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/thousands-protest-alabamas-abortion-law-at-rallies-across-the-state/

From Huntsville to Mobile, Birmingham to Montgomery, thousands of Alabamians gathered on Sunday to protest the state’s new abortion law, widely considered the most restrictive in the country.

“I think this size shows us people are crazy,” said Megan Skipper, one of the organizers of the Montgomery rally. “And we are the majority and abortion rights are human rights and that’s what we want for the state of Alabama.”

The law, signed by Governor Kay Ivey last week, includes no exceptions for rape and incest cases, prohibiting all abortions except when necessary to avoid serious health problems for the woman. Although women are exempt from criminal and civil liability, the new law punishes doctors for performing an abortion, making the procedure a Class A felony punishable by 99 years in prison. The law won’t go into effect for six months, although supporters and opponents expect it to be blocked in federal courts.

Opponents of the bill began staging protests and rallies late last week. After announcing a rally in Montgomery on Sunday, organizers in other cities scheduled their rallies for the same day.

Montgomery

Montgomery’s March for Reproductive Freedom began Sunday at the Court Square fountain.

“We never expected it to be this big,” said Megan Skipper of Montgomery, one of the organizers. “But I think that size shows us people are crazy. And we are the majority and abortion rights are human rights and that is what we want for the state of Alabama.

The crowd applauded speakers from the American Civil Liberties Union, Planned Parenthood, the Yellowhammer Fund and other organizations, as well as those who shared their personal experiences.

“We shouldn’t have to hold a protest about this,” said Anna Belle May, 20, of Prattville, who said it was her first time participating in a protest. “There is separation of church and state for a reason, and we bring the church to the legislature.”

Birmingham

In Birmingham, a crowd of 2,000 joined in the ‘March for Reproductive Freedom’, which started and ended at Kelly Ingram Park and included a rally.

Sarah Dillie, an OBGYN, marched alongside other doctors in white coats to protest the criminalization of the ban on doctors who perform abortions.

“I’m here because doing my job shouldn’t be criminalized. I don’t think I should be considered a criminal for doing something that is part of comprehensive women’s health care.

The walkers marched around Kelly Ingram Park shouting “my body, my choice” and “hey hey, ho ho, abortion bans must go.”

Huntsville

Huntsville Police estimated as many as 1,000 participants at the “My Body, My Choice” rally at Butler Green Park in Huntsville on Sunday afternoon.

“We come together because we don’t support what’s going on right now,” organizer Megan Eller said. “It’s not Alabama that I know of, and I’m crazy about the way Alabama is portrayed to the rest of the world. I refuse to be part of it.

The rally was originally scheduled in Palace Square, but was later moved after more than 1,000 responses to the event on Facebook.

A few anti-abortion protesters showed up and were heckled by some of the abortion rights protesters.

During the rally, protesters chanted “my body, my choice” and “this is what democracy looks like”.

Mobile

Mobile held two rallies, starting the weekend with a Saturday rally in Bienville Square and a march around downtown Mobile.

“It is important for us to bring the community together,” said Katherine Brown, organizer of the rally, which was organized by the Mobile Bay Green Party and the Alabama Coalition for Reproductive Rights. A similar rally and march took place on Sunday.

“People are upset,” she said. “People are hurt. They feel they have not been heard.

Elsewhere

In the Shoals, protesters gathered at the Florence post office for a Shoals neighborhood March for Reproductive Freedom rally.

A rally in Anniston is scheduled for Tuesday at 5 p.m. at the corner of Route 202 and Noble Street.

Auburn high school students are organizing a “Stand Up, Let Your Voices Be Beard” rally at the State Capitol next Saturday at 10:30 am.


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City of El Paso cancels Thursday press conference; announces business loans https://www.innovation-engineering.co.uk/city-of-el-paso-cancels-thursday-press-conference-announces-business-loans/ https://www.innovation-engineering.co.uk/city-of-el-paso-cancels-thursday-press-conference-announces-business-loans/#respond Thu, 11 Mar 2021 05:19:40 +0000 https://www.innovation-engineering.co.uk/city-of-el-paso-cancels-thursday-press-conference-announces-business-loans/

EL PASO, Texas (KTSM) – The city of El Paso has canceled a press conference scheduled for Thursday, October 29 at 1 p.m.

City officials said the briefing was canceled because its staff are still evaluating empirical data collected over the past week.

El Paso officials also announced Thursday that loans to some local businesses will not have to be repaid.

Officials said the first payment for those loans was due in November. The City said it is now turning those loans into grants, so businesses won’t have to repay the loans.

“We understand that these small businesses are in an extremely fragile state and these funds will help ease the financial burden on those still affected by the pandemic,” said city manager Tommy Gonzalez. “In addition, we hope that this conversion of loans to grants will allow our businesses to retain their employees, which in turn supports our families in our community.”

The LiftFund will contact the companies that have applied for these same day loans, as they will not have to repay these loans.

Companies looking for additional support are encouraged to visit www.EPBusinessStrong.org.

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