Friday, October 22, 2021

April 18, 2020  As governments across the Caribbean implement responses to prevent, , mitigate, and manage the spread of the novel coronavirus (COVID-19) and its consequences, the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean, in collaboration with the United Nations system and key regional organizations, has embarked on a careful assessment to estimate the economic and social impact of the virus on the economies of the subregion. The study will serve as a resource to inform governments’ decision-making with respect to policy options to tackle the fall-out from the COVID-19 pandemic in the Caribbean.

COVID-19 is profoundly affecting the way of life of Caribbean people and will inevitably have a major impact on the economies of the subregion. With many Caribbean countries already shouldering an unsustainable public debt, the expected loss in in government revenue and anticipated increase in demand for social expenditure will need to be informed by robust data and solid analysis.

In response to this need, ECLAC Caribbean along with UN and other regional partners are conducting an analysis to ascertain the likely impact of the pandemic on the economies of the subregion as a whole. Entitled `Economic Impact of the 2019 Novel Coronavirus in the Caribbean’, the study will provide estimates of the economic cost of policy actions that have been taken in response to COVID-19.

The analysis will focus on select sectors, namely: health; tourism; agriculture, including fisheries and livestock; education; transportation, with particular attention given to aviation and shipping; and energy and oil and gas. For each sector, the impact assessment will present the socioeconomic costs related to loss of revenue, additional expenditures, temporary unemployment and the general welfare of households as a result of COVID-19. 

The study will also anticipate the projected cost of further responses recommended by global and regional organizations as effective measures against the disease, thereby providing Caribbean decision-makers with a priority listing of additional cost-effective socioeconomic initiatives that the subregion could implement to deal with COVID-19.

The World Health Organization (WHO) declared COVID-19 a Public Health Emergency of International Concern on 30 January 2020, and on 11 March 2020 upgraded it to the level of a pandemic.  Since then, to curtail the spread of the virus, and in an effort to prioritize national protection of public health during this global pandemic, a number of Caribbean countries have imposed varying degrees of travel restriction and border closure, including the prohibition of cruise ship docking; the cessation of flights by major airlines; restriction on or prohibition of public gathering; and the closure of schools, restaurants, and bars. 

The study is expected to become publicly available in the coming weeks.

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Entertainment

September 7, 2021  NEW YORK (AP) — Actor Michael K. Williams, who as the rogue robber of drug dealers Omar Little on “The Wire” created one of the most beloved and enduring characters in a prime era of television, died Monday. Williams was found dead Monday afternoon by family members in his Brooklyn penthouse apartment, New York City police said. He was 54. His death was being investigated as a possible drug overdose, the NYPD said. The medical examiner was investigating the cause of death. Little, a “stick-up boy” based on real figures from Baltimore, was probably the most popular character among the devoted fans of “The Wire,” the HBO show that ran from 2002 to 2008 and is re-watched constantly in streaming.

September 8, 2021 LOS ANGELES (AP) — Britney Spears’ father filed Tuesday to end the court conservatorship that has controlled the singer’s life and money for 13 years. James Spears filed his petition to terminate the conservatorship in Los Angeles Superior Court. “As Mr. Spears has said, again and again, all he wants is what is best for his daughter,” the document says. “If Ms. Spears wants to terminate the conservatorship and believes that she can handle her own life, Mr. Spears believes that she should get that chance.” Judge Brenda Penny, who oversees the case, will need to approve the move. Britney Spears attorney Matthew Rosengart said in an email the filing “represents another legal victory for Britney Spears — a massive one — as well as vindication for Ms. Spears.”

September 8, 2021  NEW YORK (AP) — With Katie Holmes and Lil’ Kim on his front row and singer Marina on the mic high above his runway, Christian Siriano helped kicked off New York Fashion Week’s first big pandemic round of in-person shows Tuesday with a flurry of neon and lace-inspired in part by all the Italian women in his life. From ornate Gotham Hall, beneath a stained-glass skylight 70 feet up, Siriano’s commitment to size inclusivity was never stronger as he opened and closed the show with plus-size breakout model Precious Lee. She first walked in a stunning yellow trouser suit with wide loose pants and an asymmetrical jacket, a matching crossover bralette underneath.

September 7, 2021  VENICE, Italy (AP) — Paul Schrader knows he has a limited number of films left, so whatever he does from here on out is going to be for himself. At 75 years old, the writer of “Taxi Driver” and “Raging Bull” and director of “American Gigolo” and “Mishima” was even somewhat prepared to call it a day after his 2018 film “First Reformed,” for which he got his first Oscar nomination. He didn’t want to. He just knew it might be the reality. “I thought I would go back to this character again for about the fifth time,” Schrader said in a recent interview. By “this character” he means “the man in the room.” It’s Travis Bickle. It’s John LeTour. It’s Julian Kay. And it’s a formula he’s been working with for 45 years.

Business News

September 8, 2021  -Stocks were mostly lower in Asia on Wednesday after a lackluster session on Wall Street, where weak jobs data and pandemic concerns weighed on sentiment. Shares rose in Tokyo after economic growth for the April-June quarter was revised upward to an annualized 1.9% from an earlier estimate of 1.3%. “Any feel-good factor was ignored, though, given the climb was less than half of the 4.20% fall in Q1,” Jeffrey Halley of Oanda said in a commentary. “Japan will be lucky to break even this year as the current Covid-19 wave will almost certainly have weighed on domestic consumption,” he said.

September 8, 2021 NEW YORK (AP) — There will be something missing at two Whole Foods stores opening next year: the rows of cashiers. Amazon, which owns the grocery chain, said Wednesday that it will bring its cashier-less technology to two Whole Foods stores for the first time, letting shoppers grab what they need and leave without having to open their wallets. Cameras and sensors track what’s taken off shelves. Items are charged to an Amazon account after customers leave the store with them. But there will be an option for those who want to shop the old-fashioned way: Self-checkout lanes will be available that take cash, gift cards and other types of payment. Amazon first unveiled the cashier-less technology in 2018 at an Amazon Go convenience store and has expanded it to larger Amazon supermarkets. But it will be the first time it has appeared at Whole Foods, a chain of more than 500 grocery stores Amazon bought four years ago.

September 8, 2021  BEIJING (AP) — An avalanche of changes launched by China’s ruling Communist Party has jolted everyone from tech billionaires to school kids. Behind them: President Xi Jinping’s vision of making a more powerful, prosperous country by reviving revolutionary ideals, with more economic equality and tighter party control over society and entrepreneurs. Since taking power in 2012, Xi has called for the party to return to its “original mission” as China’s economic, social and cultural leader and carry out the “ rejuvenation of the great Chinese nation.” The party has spent the decade since then silencing dissent and tightening political control. Now, after 40 years of growth that transformed China into the world’s factory but left a gulf between a wealthy elite and the poor majority, the party is promising to spread prosperity more evenly and is pressing private companies to pay for social welfare and back Beijing’s ambition to become a global technology competitor.

Fashion News

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