Infectious Disease Physician & Candidate for Massachusetts Congress Dr. Robbie Goldstein joins Yahoo Finance’s Kristin Myers to discuss the outlook on the risks for colleges reopening amid a surge of coronavirus cases in certain states.
Infectious Disease Physician & Candidate for Massachusetts Congress Dr. Robbie Goldstein joins Yahoo Finance’s Kristin Myers to discuss the outlook on the risks for colleges reopening amid a surge of coronavirus cases in certain states.
New Delhi [India], December 5 (ANI): The Ministry of Information and Broadcasting has issued an advisory to all private satellite TV channels on advertisements. Broadcasters have been advised to ensure advertisements do not promote any activity which is prohibited by statute or law.
The "Asia Pacific Cancer Vaccines Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology; Type; Indication; End User, and Country" report has been added to ResearchAndMarkets.com's offering.
Don't give into the temptation to throw a festive get-together.
(Bloomberg) -- The Federal Reserve has handed U.S. mortgage lenders their best year ever. Nobody knows that better than Shant Banosian, the industry’s first billion-dollar salesman.By his own count, the loan officer is personally set to originate a staggering $1.5 billion of home loans by year’s end from his office outside of Boston, a record in a year of records for the mortgage business.Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire. Lenders this year are projected to originate $4.1 trillion of loans, eclipsing the 2003 high, thanks mostly to borrowers refinancing to reduce their house payments, according to Fannie Mae.With profit margins the widest on record, mortgage lenders are on a hiring spree and taking advantage of the pandemic housing boom to raise money from investors. At least nine have either gone public this year, such as Rocket Cos., or are planning to do so in coming months.But like all booms, this one won’t last forever. By next year, mortgage volumes could decline by a third as refinancings drop, according to a Fannie Mae forecast. Even if rates stay flat, the number of homeowners motivated to lock in savings will decline.“Today’s market is like riding a giant rollercoaster -- the higher it goes, the more dramatic the decline,” said Jim Cameron, senior partner with STRATMOR Group, a mortgage advisory firm based in Greenwood Village, Colorado. “You could argue, when you know the rates will eventually turn and you’ll lay a bunch of people off, why hire? But quite frankly, the profits are there now.”Recruiting FightFor now, the industry is adding staff to handle all the business. Recruiters are in an all-out “firefight,” Cameron said. Firms are offering signing bonuses to steal underwriters and processors from competitors or giving retention payments to keep them from leaving.Lenders increased their headcount by 25% in July and 40% in August on an annualized basis, according to Bank of America researchers. Figures from the Bureau of Labor Statistics suggest there are now more than 100,000 mortgage brokers in the U.S., the first time it’s cracked six figures since 2007.Read more: Mortgage Lenders ‘Make Hay’ With Loan Spreads Widest Since 2008Banosian, who runs a branch for Chicago-based Guaranteed Rate, increased his staff by half to 40, just to keep up with the flood of applications from buyers upgrading to bigger suburban homes or saving a bundle by refinancing. Nationally, the company is advertising more than 400 open positions on its website.“I presume rates will remain low next year,” Banosian, 40, said in an interview, alone in his 4,000-square-foot office in Waltham, Massachusetts, while his employees work remotely. “We’re planning to staff up.”$1 BillionLast year, Banosian originated a record $916 million in mortgages, according to Scotsman Guide, which began producing its rankings in 2009. This year, he says he reached $1 billion in September. He expects to make 3,000 loans this year under his name, totaling at least $1.5 billion. And he plans to expand to other states.Guild Holdings, which focuses on providing mortgages to homebuyers, sold shares to the public in October and wants to expand its business in Florida, the northeast and across the center of the country, Guild Chief Executive Officer Mary Ann McGarry said in an interview. And they’re staffing up quickly.United Wholesale Mortgage, the nation’s largest lender for mortgages initially handled by brokers, now employs more than 7,000 people, up by about 40% from last year. NewDayUSA, a mortgage lender that focuses on veterans, has nearly doubled its workforce since March with plans to grow even more in the coming months, CEO and founder Rob Posner said in an interview.Big MarginsWhile mortgage rates have never been this low, they could be lower. Most loans are sold and then packaged into bonds. The Fed has bought more than $1.3 trillion in mortgage bonds since March, driving up prices and enabling lenders to sell their loans at a hefty premium. Lenders say that to avoid being overrun with business they’ve kept rates elevated, padding profits.The average lender originated $1.34 billion of mortgages in the third quarters, up 33% from the prior three months and as much as a typical company would produce in a year, said Marina Walsh, vice president of industry analysis at MBA. The profit-per-loan in the third quarter hit a record $5,535, up 22% from three months earlier, the Mortgage Bankers Association said Thursday.Different StoryNext year may tell a different story, depending on the pandemic. A successfully deployed vaccine might bring back a semblance of normality to the economy. If employment recovers, that could push more people in the housing market. But if rates climb, even slightly, that could snuff out the refinancing boom.“By any stretch it will be a good year,” said Doug Duncan, chief economist at Fannie Mae.”This year is just out of the park.”Fannie Mae, which projects borrowing costs to remain flat, said mortgage volumes for home purchases will grow by about 4% next year. That won’t make up for an expected plunge in refinanced loans to $1.1 trillion next year from $2.6 trillion in 2020.So far, lenders haven’t run out of consumers who can refinance. There are still nearly 20 million homeowners out there who could shave about $300 on average off their monthly mortgage payment at today’s rates, according to Black Knight Inc.”But if refinancings drop as predicted, lenders will be looking to homebuyers to make up the difference. And that will depend on the strength of a housing market that has been running hot, pushing prices out of reach for some Americans.“The Fed has delivered a windfall to the mortgage industry,” LendingTree Chief Economist Tendayi Kapfidze said. “But demand from borrowers is going to be less. The low hanging fruit is gone.”(Adds with quote from Fannie Mae economist in 17th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
QUEBEC — The Quebec government says it will spend $18.6 million over the next five years to improve policing in Indigenous communities.Among the measures announced at a press conference today is funding to enable members of Indigenous police services to stay in their communities while taking specialized training courses that enable them to investigate crimes such as sexual assaults.Currently those courses are only offered at the provincial police academy.The province says it will also fund basic police training for up to 24 members of Indigenous communities a year and take steps to encourage more people from those communities to consider a career in policing.The move comes after an inquiry overseen by retired judge Jacques Viens issued a damning report last year on the relationship between public servants in Quebec and Indigenous people.That inquiry was launched after a number of Indigenous women in Val-d'Or, Que., accused police of sexual assault and other forms of abuse. A report on the investigation into those allegations by the province's police watchdog released in October was also highly critical.This report by The Canadian Press was first published Dec. 4, 2020.———This story was produced with the financial assistance of the Facebook and Canadian Press News Fellowship.The Canadian Press
Pittsburgh's Xavier Johnson admitted the team was down after a surprising opening-game loss to St. Francis (Pa.) and that the team paid the price in practice. Johnson led a much more spirited effort against Drexel and will lead the Panthers (1-1) against Northern Illinois (0-2) on Saturday in their third straight home game to start the season. Pitt's season did not begin as hoped, losing 80-70 to the Red Flash on Nov. 25 as the Panthers committed 22 turnovers -- seven by Johnson -- and shot 40 percent from the field.
This Masterclass buy one membership, share one Black Friday 2020 offer matches the best offer we've ever seen from the site—details.
JUNEAU, Alaska — Election officials began a recount Friday in an Alaska House race that Republican House Minority Leader Lance Pruitt lost by 13 votes.Results certified Monday showed Democrat Liz Snyder had defeated Pruitt in a rematch from 2018, when Snyder lost. The recount was not requested by Pruitt but by 11 others identified in their petition as voters in the Anchorage House district.State law allows a defeated candidate or 10 qualified voters who believe a mistake was made in the ballot count to request a recount.Two attorneys representing the recount request group, Joe Geldhof and Stacey Stone, attended the recount in Juneau, as did Snyder and Holly Wells, an attorney for Snyder. The count was being conducted by members of a bipartisan review board, said Tiffany Montemayor, a spokesperson for the state Division of Elections.It was not immediately clear how long the recount would take. More than 9,000 votes were cast in the race.Separately, Montemayor said an audit of a statewide ballot measure that narrowly passed last month would begin Monday. The audit was sought by Lt. Gov. Kevin Meyer, who oversees elections. Meyer has said the audit is intended to help put to rest questions some have raised about the validity of election results tied to the vote tabulation equipment the state uses.The measure, which would end party primaries and institute ranked choice voting for general elections, passed with 174,032 votes, compared to 170,251 no votes, according to the certified results. Meyer has said he believes the measure passed fairly.A lawsuit challenging the constitutionality of the measure has been filed in state court.Becky Bohrer, The Associated Press
VANCOUVER — B.C. Transit, TransLink and BC Ferries will get more than $1 billion in pandemic relief funds under details of an agreement that were finalized on Friday by the federal and provincial governments. Joyce Murray, the federal digital government minister, says the agreement will help the public transit providers cover revenue and operational losses from the COVID-19 pandemic. Many details of the plan that will see TransLink get $644 million, the ferry service $308 million and B.C. Transit $86 million were released over the summer. B.C. and the federal government are equally sharing the costs. B.C. Transportation Minister Rob Fleming says the one-time funding ensures essential public transportation services and affordable fares will be maintained. He says B.C. transit services have kept running during the COVID-19 pandemic despite experiencing sharp revenue declines. "Together we are going to get through it and this funding is intended to get us past the health crisis and into the vaccination period," Fleming told a news conference today. This report by The Canadian Press was first published Dec. 4, 2020. The Canadian Press
The Canned Food Market will grow by USD 19.52 bn during 2020-2024
The House of Representatives voted on Friday to pass a historic piece of legislation to decriminalize marijuana in the U.S. — and it’s quite a game-changer for current cannabis regulations. The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) proposed the decriminalization of cannabis, as well as erasure of all “nonviolent” federal marijuana convictions as a means to “address the devastating injustices caused by the War on Drugs.” The 228-to-164 vote to approve the measure was bipartisan, and today marks the first time that any chamber of Congress has voted on the issue of federally decriminalizing the drug. If fully passed by Congress, the bill would remove marijuana from the Controlled Substances Act and enact taxes on marijuana that would help to fund programs for those who have been impacted by its criminalization. However, because it still has to go to the Senate floor — which is currently led by a Republican majority — there’s still a chance that the measure won’t fully pass. But, the bill passing the House is a landmark moment, and it’s laid out a blueprint of what’s possible when it comes to decriminalization of marijuana. Below, we answered some important questions you probably have about what this means for the future of cannabis in the U.S. What will the MORE Act do if it’s passed? The MORE Act would, among other things, invest resources into communities that have been disproportionately affected by the criminalization of marijuana and the war on drugs. It would also expunge the criminal records of people charged with possession, allow veterans to get medical marijuana recommendations from doctors, and eliminate criminal penalties for people who manufacture and distribute cannabis. What are the current criminal laws around marijuana in the U.S.? Weed has been legalized in states like Colorado, Massachusetts, and more recently in Arizona, New Jersey, South Dakota, Montana and Mississippi — which all approved measures of different forms in the November elections. Currently, there are 34 states and two territories that allow medical marijuana use. Meanwhile, 15 states, two territories, and Washington, D.C. that have legalized recreational cannabis. In many places where it’s not legal, like in New York for example, the penalties for marijuana possession can range greatly — from a fine of up to $100 all the way to 20 years in prison for 1st degree possession of a controlled substance. According to the Federal Bureau of Investigation (FBI), marijuana arrests have accounted for approximately 40% of drug arrests in the U.S. How will the MORE Act impact anyone who has been convicted? While the impact will vary, if passed, a law like this decriminalizing cannabis would expunge the criminal records of many people who were jailed for possession. It would also mandate that sentencing review hearings for federal cannabis offenses must be conducted, creating potential pathways for those incarcerated for marijuana possession to be released. A report from the American Civil Liberties Union (ACLU) that analyzed marijuana-related arrests between 2010 and 2018 found that Black people were 3.64 times more likely than white people to be arrested for possessing marijuana. The MORE Act, or a similar decriminalization bill passing both the House and Senate, would specifically have a great impact on Black people and people of color. What does this mean for marijuana legalization in the U.S.? Decriminalization is not necessarily legalization. Even if marijuana is decriminalized, possession of it can remain unlawful. Without being legalized, someone wouldn’t face criminal record or arrest for being caught with weed, but could still be fined for it. Congress would also have to pass a law that legalizes recreational and medical cannabis — or each state would have to legalize the drug individually — for penalties for marijuana possession in America to go away along with criminal convictions. Like what you see? How about some more R29 goodness, right here?How Much Do You Spend On Weed?Meet The Black "Cannavist" Challenging Weed StigmaWeed & Sex: It's Complicated, But It Doesn't Have
Employers have every reason to mandate the vaccine for their employees, but they probably will not
The NFL is further limiting player access to team facilities as it attempts to enhance safety measures during the COVID-19 pandemic. In a memo sent to the 32 clubs and obtained by The Associated Press, teams must close their facilities for two days after games, with some exceptions. Beginning Monday, that all teams playing on a Sunday must close those facilities the next two days - except for clubs playing on the subsequent Thursday.
Shares of Domo (NASDAQ: DOMO) jumped today after the company released its third-quarter results yesterday that outpaced analysts' revenue and earnings estimates. Domo's revenue jumped 20% year over year to $53.6 million, which beat Wall Street's estimate of $51.76 million. The cloud computing software company reported an adjusted loss of $0.40 per share, which was also ahead of analysts' consensus estimate of a loss of $0.44 per share.
The "Treatment-resistant depression (TRD) - Epidemiology Forecast - 2030" report has been added to ResearchAndMarkets.com's offering.
MISSISSAUGA, Ont. — Walmart Canada announced new cash bonuses for its workers on Friday, saying the "appreciation bonus payment" recognizes their ongoing dedication during the pandemic. The move follows similar announcements made by other companies in recent weeks and could put pressure on more retailers to offer so-called hero pay to essential workers as the second wave of COVID-19 worsens. Walmart said more than 85,000 employees will receive the additional payment on Dec. 11, with full-time staff expected to receive $250 while part-time staff would receive $150. Horacio Barbeito, president and CEO of Walmart Canada, said the store's associates have stepped up "in true Walmart spirit" to serve customers during extraordinary times. "Every day, I hear stories about our associates going above and beyond and I am proud and grateful," he said in a statement. "It continues to be a privilege and a tremendous responsibility to be providing an essential service for our communities." In March, the company had provided workers with an appreciation bonus of $200 for full-time workers and $100 for part-timers. It also paid a "thank you premium" of $2 an hour on top of regular hourly rates for workers in April and May. The announcement by Walmart Canada that it would pay a December bonus comes a day after Walmart in the U.S. said it would be giving its 1.5 million workers a special bonus. Pressure has been mounting on essential retailers on both sides of the border to reinstate hero pay or extend bonuses to employees working during the busy holiday season. UFCW Canada, one of the country's largest private-sector unions, has called on grocery stores to reinstate the $2-an-hour wage bump for its front-line workers, saying the hero pay acknowledges their courageous efforts. Sobeys said last week it was bringing back pay premiums for workers in locations where lockdowns are in effect. Parent company Empire Company Limited said it had reinstated so-called hero pay in Manitoba, Toronto and the Peel Region in Ontario as rising cases of the virus in those areas have prompted the shutdown of non-essential businesses. Each week, eligible employees will receive between $10 and $100 extra, depending on how many hours they work and how long the government lockdowns last. This report by The Canadian Press was first published Dec. 4, 2020. The Canadian Press
Boris Johnson and European Commission president Ursula von der Leyen will discuss the state of play on Saturday.
TORONTO — Running back Andrew Harris, who was instrumental in the Winnipeg Blue Bombers ending their Grey Cup drought in 2019, tops the CFL team's list of potential free agents. Harris is among 329 players listed by the CFL on Friday as being eligible to hit the open market at noon ET on Feb. 9. The 33-year-old Winnipeg native ran for 134 yards and a TD and registered five caches for 35 yards with another touchdown in leading the Bombers past the Hamilton Tiger-Cats 33-12 in the 2019 Grey Cup game. That earned Harris Grey Cup MVP and top Canadian honours, making him the first player to secure both awards in the same year. Harris and the Bombers didn't have a chance to defend their title as the CFL cancelled its plans for an abbreviated 2020 season due to the COVID-19 pandemic in August. Harris isn't the only top Bomber slated to his free agency. Offensive linemen Stanley Bryant and Jermarcus Hardrick are among Winnipeg's potential 33 free agents, along with veteran kicker Justin Medlock. The Montreal Alouettes (48) have the most potential free agents, just ahead of the Edmonton Football Club (47) and Ottawa Redblacks (45). Hamilton has 33 players listed, including receiver Brandon Banks (CFL's 2019 outstanding player), quarterback Jeremiah Masoli and Canadian offensive linemen Chris Van Zeyl and Mike Filer. The Saskatchewan Roughriders (28) have the fewest potential free agents but one is veteran linebacker Solomon Elimimian. The CFL also announced Friday the moratorium on clubs re-signing their players will be lifted effective noon ET on Monday. "As we look forward to 2021 and a CFL season with optimism, we are moving to provide our clubs with the guidelines and information they need to build competitive rosters," CFL commissioner Randy Ambrosie said in a statement. "While we are quite aware of the COVID-19 challenges currently facing society at large and sports in particular, we are also encouraged by the almost daily reports of progress in the development and distribution of rapid tests, treatments and, most importantly, vaccines. "We are taking every step to be prepared to return to the field next year." This report by The Canadian Press was first published Dec. 4, 2020. The Canadian Press
WASHINGTON — In the midst of a pandemic, the Supreme Court said Friday it will take up the Trump administration's stalled plan to allow states to require low-income people to work to receive health care under Medicaid.The timing of the court's decision to take up the issue was curious because by the time the case is argued in late winter or early spring, Joe Biden will be president and his administration is unlikely to continue President Donald Trump's plan to remake Medicaid by requiring recipients to work.And when Congress earlier this year increased Medicaid funding, it barred states from restricting eligibility during the public health emergency.Even so, the court agreed to review lower-court decisions involving Arkansas and New Hampshire that found that the administration's support for work requirements went beyond what's allowed by law.Medicaid is a $600 billion federal-state program that covers about 70 million people, from pregnant women and newborns to disabled people and elderly nursing home residents. Under the Obama-era Affordable Care Act, states gained the option of expanding the program to many low-income adults previously ineligible. More than 12 million people have gained coverage as a result.The Trump administration allowed states to require “able-bodied” adults drawing Medicaid benefits to work, volunteer or study.Before the pandemic, nearly 20 states had tried to implement requirements after the administration invited them in 2017 to submit such proposals. Kentucky, an early adopter, has reversed course under a Democratic governor and dropped its requirements.Trump also has supported work requirements for safety-net programs across the government. He signed an executive order directing Cabinet agencies to add or strengthen work requirements for programs including subsidized housing, food stamps and cash welfare.___The Associated Press
Canadian indoor soccer star Ian Bennett has joined the Florida Tropics for the 2020-21 Major Arena Soccer League season. The 37-year-old from Hamilton has been with the Milwaukee Wave since 2009 but found himself without a team when the Wave cancelled their 2020-21 season due to pandemic-related restrictions on attendance at the UW-Milwaukee Panther Arena. That ends a run of 36 straight indoor seasons for the Wave, who have won seven titles. The team is coached by Canadian Giuliano Oliviero. Milwaukee was poised to defend its MASL title when the season was cut short in mid-March, on the eve of the playoffs, due to the pandemic. The league declared the Monterrey Flash and Florida Tropics as Western and Eastern Conference regular-season champions. The Flash (20-2) and Tropics (18-3) were leading their conferences when the season was called. Milwaukee (14-6) was second in the East. The MASL has opted for a modified 2020-2021 regular season, with 11 teams participating — as opposed to the 17 last season. While final schedule details have yet to be announced, the season will likely run January through April. Bennett and other Milwaukee players on multi-year contracts will revert to the Wave at the conclusion of the season. The Canadian forward has appeared in 273 indoor games, scoring 381 goals and adding 104 assists. He was a first-team all-MASL selection in three of the last four seasons, making the second all-star team the other year. Bennett was second in the league in goals scored last season with 44. In the three previous campaigns, he scored 47, 50 and 53 goals, respectively. “This is truly a watershed moment for this franchise," Florida head coach Clay Roberts said in a statement. "To add a player of Ian’s talents, stature and class is truly a game-changing move. "The Tropics and its ownership are committed to finishing what we started last season when we won the Eastern Conference championship. Bringing in someone of Ian’s immense skill, leadership and championship mindset will be a big boost in helping us in trying finish the job this spring." --- Follow @NeilMDavidson on Twitter This report by The Canadian Press was first published Dec. 4, 2020 Neil Davidson, The Canadian Press